The Mohegan Sun ownership group has reportedly hired investment bank Allen & Co. to explore selling the Connecticut Sun amid WNBA expansion.

Connecticut Sun president Jennifer Rizzotti said Tuesday that the team's ownership group is "exploring all options to strategically invest in the team," including a potential sale.

The Mohegan Native American tribe that owns the Sun have retained investment bank Allen and Company to facilitate the potential sale of the franchise, according to a Monday afternoon report from Kurt Badenhausen and Eben Novy-Williams of Sportico.