Sky Owner Michael Alter Sued by Minority Partner for Allegedly ‘Self-Dealing’ to Devalue Other Shares

Chicago Sky owner accused of ‘self-dealing’ to devalue other investors’ shares in lawsuit

The majority owner of the Chicago Sky, was accused in a lawsuit of "self-dealing" and unfairly shortchanging other team investors.

Sky owner Michael Alter sued by minority partner for allegedly ‘self-dealing’ to devalue other shares

CHICAGO — A minority partner in the Chicago Sky is suing longtime principal owner Michael Alter, alleging he violated his fiduciary duty to investors by misallocating and misrepresenting franchise value for his own benefit, according to a lawsuit filed in…

Chicago Sky owner Michael Alter sued by minority partner for allegedly ‘self-dealing’ to devalue other shares

A Chicago Sky minority partner is suing principal owner Michael Alter, alleging he violated his fiduciary duty to investors by misallocating and misrepresenting franchise value for his own benefit.

REPORT: Chicago Sky Ownership Drama Explodes as Minority Partner Files Lawsuit Over Stunning Allegations

Chicago Sky (Image Credits: Imagn) The 2026 WNBA season is scheduled to begin on May 8, 2026. Although there are still three months until the kickoff, excitement among fans is building, especially with a schedule that includes some exciting matchups. However, before the action begins, drama is unfolding off the court with a major controversy regarding the Chicago Sky. The Chicago Sky is currently in the spotlight due to off-court drama. Accordin…