LeBron James Poised to Lead Bidding War for Las Vegas NBA Expansion Franchise
Expansion has long been considered the natural next step for the NBA, with rumors circulating for years. So, when Adam Silver confirmed that expanding the league would become a focus once the league’s media rights deal is finalized, it came as little surprise.
Equally unsurprising is that LeBron James is determined to be involved in owning one of these new teams, particularly if one is based in Las Vegas. While it’s not guaranteed that a team will land in Vegas, it would be shocking if the next group of NBA teams didn’t include one in Sin City.
On Thursday, Fortune reported that LeBron would be among the bidders for the next NBA franchise, a team expected to come at a historic price. However, he will face plenty of competition (h/t HoopsHype).
The impending bidding war for the NBA expansion team expected to be granted to Las Vegas is shaping up to be the most competitive and expensive sports deal in US history. The list of potential suitors ranges from LeBron James and his backers to the company that owns the Red Bull brand, according to sources familiar with the situation. The total price tag, including building a new arena, could reach $7 billion, according to two sports advisers who have previously sold NBA teams.
As the excitement builds, the competition for ownership of the Las Vegas NBA franchise promises to be intense, with LeBron James poised to make a significant bid to secure his place in this historic expansion.
