A day after it was announced that a Steve Pagliuca led group made a massive $325 million offer to buy the Connecticut Sun from the Mohegan Sun tribe and move the WNBA team to Boston, the Celtics minority owner confirmed the reports and released an important update on social media.

Pagliuca released a statement Sunday, confirming an offer had been made to buy the team and move it out of Mohegan Sun Arena, but said there were still approvals that had not been obtained from the WNBA.

Fans celebrating the arrival of the WNBA to the City of Boston might want to temper their expectations in the short term. Recent reporting from the Boston Globe's Gary Washburn relates that the WNBA itself is throwing cold water on ta potential move of the recently-purchased Connecticut Sun to a new location.