LeBron James has long dreamed of owning an NBA team. During an interview, the four-time NBA champion revealed that he wants to own a team, specifically in Las Vegas. However, realizing this dream comes with a hefty price tag. In a February 2024 interview with The Pat McAfee Show, NBA Commissioner Adam Silver mentioned Las Vegas as a potential location for an expansion team. If there were to be an expansion, other possible locations could include Mexico City, Montreal, and Vancouver, with Seattle being seen as the leading contender. According to recent reports, the cost of establishing a new team in Las Vegas is estimated to be $7 billion.
According to a recent report by Fortune Magazine, LeBron James is expected to make a bid for a projected $7 billion expansion team in Las Vegas. The report suggests that James and the owner of the energy drink brand Red Bull are speculated to be interested candidates to own the team. The last time the NBA expanded a team was with the Charlotte Hornets in 2004.
“The looming 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 spans LeBron James and his backers to the company that owns the Red Bull brand, according to people familiar with the situation.” Via Legion Hoops.
Fans were amazed after learning about the news and expressed different reactions in the comment section of that post.
