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

The Connecticut Suns have made it to the WNBA Finals four seasons since their franchise's inception in 1999 as the Orlando Miracle. The Sun lost to Napheesa Collier's Minnesota Lynx during the WNBA semifinals last time, sending a message to the team's fans that the franchise is serious about competing for championships.

The owners of the Connecticut Sun hired Allen & Company — an investment bank — to explore the possibility of selling the team, according to Sportico. Mohegan Sun has owned the WNBA franchise since 2003. The Sun did not immediately respond to request for comment.