What Happened
Several groups are reportedly competing to own a potential NBA expansion team in Las Vegas, with ownership bids potentially reaching between $10 and $12 billion.
Notable individuals associated with these bids include Bob Iger, Shaq, Magic Johnson, and former Turner president David Levy. Jerry Colangelo, who has prior experience as an NBA owner, is also seeking to lead an ownership group for a Las Vegas expansion team.
The field of potential owners for a Las Vegas expansion team is growing, with various groups expressing interest in acquiring the franchise.
Key Facts
- 1
Multiple groups are interested in owning a potential NBA expansion team in Las Vegas.
- 2
Ownership bids could reach $10-12 billion.
- 3
Bob Iger, Shaq, and Magic Johnson are reportedly among those vying for ownership.
- 4
David Levy, former Turner president, is also involved in ownership pursuits.
- 5
Jerry Colangelo, a former NBA owner, is seeking to lead an ownership group for a Las Vegas team.
