The WNBA has made a lot of progress in recent years but it's still a long way off from being profitable. The most recent projections have the WNBA losing $40 million this season and the word on the street is that the investors are getting concerned.

The WNBA is coming off of its most-popular season in league history with the arrival of Caitlin Clark, Angel Reese and the rest of the 2024 rookie class.

In an exclusive, the New York Post reported Friday that the WNBA will lose $40 million this season and that the league’s investors -- owners of the NBA teams -- aren’t happy. According to the report, NBA owners are on the hook for hundreds of millions of dollars since the women’s league was formed in 1996.

The WNBA is getting hit hard financially. The league is set to lose $40 million this year, per the New York Post. This is somewhat shocking news, as the attendance and TV ratings are on the rise for the women’s basketball league.

Following the emergence of basketball superstar Caitlin Clark, the WNBA saw a massive ratings boost during the 2024 season. Stadiums across the country have been sold out, including several during the WNBA Finals between the New York Liberty and Minnesota Lynx.

When factoring in the NBA owners' personal stakes in both their teams and the WNBA, their total ownership rises to approximately 75 percent.

While the WNBA is getting sellout crowds for the finals between the New York Liberty and Minnesota Lynx, the league’s owners will not be making a return on their investment for the foreseeable future,