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Connecticut Republicans oppose using state pension funds for WNBA team investment, citing transparency and fiduciary concerns.
Connecticut Republicans are questioning Governor Lamont’s proposal to use state pension funds to invest in the WNBA’s Connecticut Sun, citing lack of transparency and concerns over fiduciary responsibility.
While Lamont seeks to keep the team in the state, possibly with private partnership, GOP leaders argue pension funds should prioritize retirement returns over economic development.
They urge creating an independent board to oversee investments, noting the current system gives one person full control.
The potential sale of the Sun to a Boston group for $325 million remains pending WNBA approval.
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Los republicanos de Connecticut se oponen al uso de fondos de pensiones estatales para la inversión en equipos de la WNBA, citando preocupaciones de transparencia y fiduciarias.