New Billionaire LeBron James Says He Wants To Own The NBA Team In Las Vegas | LeBron James

Four-time NBA champion LeBron James, who this week became the first active player in NBA history with a net worth of $1 billion according to Forbes magazine, is ready to bet big on Las Vegas, with ambitions of installing an NBA franchise in Sin City.

“I want to own a team,” James said in a clip from his HBO TV show The Shop that circulated on social media on Thursday. “I want a team in Vegas.”

The episode is scheduled to air on Friday.

The 37-year-old is under contract with the Lakers until the 2022-23 season, after which he will become a free agent, although he has already begun testing the waters of professional team ownership.

In March 2021, the 18-time All-Star became a part-owner of the Boston Red Sox in Major League Baseball, having joined Fenway Sports Group (FSG) as a partner.

FSG also owns Liverpool Football Club.

The NBA has not expanded since its transition from 29 to 30 teams with the addition of the Charlotte Bobcats in 2004, which later became the Charlotte Hornets. The newest team to come to market, Minnesota Timberwolves, made $1.5 billion in 2021.

During his annual State of the League press conference last week, NBA Commissioner Adam Silver said there are no current plans to expand.

“We’re not discussing that at the moment,” Silver said. “As I said before, at some point this league is going to expand steadily, but not at the moment we are discussing that.”

However, when asked specifically about Seattle and Las Vegas as locations for the virtual expansion teams, Silver supported both locations.

“These are great markets,” Silver said. “We were in Seattle. I’m sorry we are no longer there. We have a WNBA team in Seattle in a nearly brand new building that does an amazing job. And Las Vegas, where we will be in our summer league in July, has shown itself to be a great sports market as well.”

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