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WNBA's Charlotte Sting folds

CHARLOTTE, N.C., Jan. 3 (UPI) -- The WNBA Charlotte Sting has ceased operations and its players will be offered to other league teams in a dispersal draft, team officials said Wednesday.

The team's owners relinquished control of the team to the league last month. Efforts by a Charlotte-area investor missed a WNBA deadline to line up financing and an attempt to move the franchise to Kansas City, Mo., failed, the Charlotte (N.C.) Observer reported.

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"Obviously I'm very upset about it. I think our team was a great asset to the city," Sting General Manager Trudi Lacey told the newspaper.

Charlotte, one of the original WNBA teams when the league was formed in 1997, was 13th in the 14-team WNBA in attendance last season. The Sting was 11-23 in 2006, tied for fifth in the seven-team WNBA Eastern Conference.

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