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.

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 Sun officially hired an investment bank to possibly relocate the team after losing out on All-WNBA players in the offseason.