Four-time NBA champion LeBron James, who this week became the first active player in National Basketball Association history with a net worth of $1 billion according to Forbes magazine, is ready to bet big in Las Vegas, with ambitions of installing an NBA franchise in Sin City.
“I wanted to have a team,” James said in a clip from his HBO television show The Shop that went viral on social media on Thursday. “I want a team in Vegas.”
This episode is expected to air on Friday.
The 37-year-old James is under contract with the Lakers until the 2022-23 season, after which he will become a free agent, although he has already started testing professional team ownership.
In March 2021, the 18-time All-Star became a co-owner of the Boston Red Sox Major League Baseball, after he joined Fenway Sports Group (FSG) as a partner.
FSG also owns English Premier League club Liverpool.
The NBA has not grown from 29 to 30 teams with the addition of the Charlotte Bobcats in 2004, which later became the Charlotte Hornets. The newest team to hit the market, the Minnesota Timberwolves, made $1.5 billion in 2021.
During his annual press conference last week, NBA commissioner Adam Silver said there are no expansion plans at this time.
“We’re not discussing that at the moment,” Silver said. “As I said before, at some point, this league will continue to develop, but it’s not at this time that we discuss it.”
However, when asked specifically about Seattle and Las Vegas as locations for a hypothetical expansion team, Silver supported both locations.
“It’s a tremendous market,” Silver said. “We are in Seattle. Sorry we are no longer around. We have a WNBA team in Seattle in an almost completely new building that is performing spectacularly. And Las Vegas, where we will be in our summer league in July, has shown itself to be a great sports market as well.”
New billionaire LeBron James says he wants to have an NBA team in Las Vegas | LeBron James
Source link New billionaire LeBron James says he wants to have an NBA team in Las Vegas | LeBron James