Los Angeles Lakers star LeBron James says he wants to own the NBA team in Las Vegas

Los Angeles Lakers star LeBron James says he wants to own the NBA team in Las Vegas

LeBron James, whose net worth was recently valued north of $1 billion by Forbes, has made it known for years that he plans to own an NBA team when he’s done playing.

Now that vision has a location.

“I want a team in Vegas,” James said in a clip from the latest episode of his talk show, “The Shop,” which debuts Friday. “I want the team in Vegas.”

James, who already co-owns Liverpool FC and the Boston Red Sox, said last season that his “goal is to own an NBA franchise”, adding “and that will be sooner rather than later”.

James, 37, will enter his 20th NBA season in the fall when the Los Angeles Lakers’ training camp opens. He’d have to be done playing before he could buy a team, and he’d have to find an ownership group to help with the bid – the latest NBA team to hit the market, the Minnesota Timberwolves, reported 1.5 billion dollars in 2021.

James would also need the league to expand to Las Vegas. At his annual NBA Finals press conference last week, NBA commissioner Adam Silver said there are currently no plans to expand beyond the league’s 30 teams.

“We’re not discussing that right now,” Silver said. “As I’ve said before, at some point this league will invariably expand, but we’re not discussing that right now.”

However, when asked specific questions about Seattle and Las Vegas as potential locations for expansion, Silver endorsed both locations.

“These are wonderful markets,” Silver said. “We were in Seattle. I’m sorry we’re not there anymore. We have a WNBA team in Seattle in an almost new building that’s doing spectacularly. And Las Vegas, where we’ll be at our summer league in July also turned out to be a big sports market.”

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