NBA Rumors: ‘People Are Lining Up’ to Bid on Expansion Teams; LeBron’s FSG Interested | Bleacher Report
The NBA is abuzz with expansion talks, particularly in cities like Las Vegas and Seattle. NBA Commissioner Adam Silver has hinted at the possibility, and potential bidders are already gearing up. Fenway Sports Group (FSG), known for owning the Boston Red Sox, Liverpool FC, and the Pittsburgh Penguins, has expressed interest in acquiring an NBA team. Notably, LeBron James, the iconic Los Angeles Lakers star with a minority stake in FSG, has expressed his desire to own an NBA team based in Las Vegas.
Despite the enthusiasm, the immediate future of NBA expansion seems uncertain. Investment bankers predict an expansion transaction might occur in late 2024 or 2025. Las Vegas and Seattle are frontrunners for potential expansion. Still, NBA Commissioner Silver has also mentioned the possibility of expanding to Mexico City, while Montreal and Vancouver have also been considered. The bidding for an expansion franchise is anticipated to be highly competitive, with some experts suggesting it could start at $4 billion and possibly reach as much as $5 billion.
The prospect of a new NBA franchise is on the horizon as the league thrives. The excitement around the potential expansion aligns with the league’s growing success, further fueled by events like the championship game of the inaugural in-season tournament being hosted in Las Vegas. The NBA’s evolution raises intriguing questions about the business side of professional sports, investment opportunities, and the economic impact of expanding a major sports league……….
[read more]
Rising Dough
How might the potential expansion of the NBA to cities like Las Vegas and Seattle impact the league’s business dynamics, considering the increasing interest from investors and the projected high bidding prices for new franchises?
*Click on the “Full Loaf” icon to read the full article! After you read the full article, let us know your thoughts.
Share this content:
While expansion has been a topic of conversation for a few years now, Silver has previously downplayed the possibility
Expansion would not only be good for the NBA, but it would also be good for the fans. Fans in these cities can finally have a team to root for and more people will watch the NBA because their hometown now has teeam.
The possible expansion of the NBA to cities such as Las Vegas and Seattle may have a substantial impact on the league’s business dynamics due to the growing interest from investors and the anticipated high bidding prices for new franchises.
The NBA expanding to cities that are like
las Vegas and Seattle will impact the leagues business dynamics because those are such popular places that it will attract more people especially fans because they want to see their favorite teams meaning business will gain and grow.
A potential expansion into the league can provide more competition into the league but also provides easier travel distance for certain city that would be closer or people in those cities to go watch an NBA game.
The potential expansion of the NBA to cities like Las Vegas and Seattle could significantly alter the league’s business dynamics by injecting new markets, heightened investor interest, and surging franchise bidding prices, potentially broadening revenue streams and globalizing the sport further.
Expansión of the Nba could bring new possible fans and even more money in the long run with jersey sales ticket sales and more as long as they market and promote correctly
It could be good for the fans, and more money