Las Vegas NBA Team Poised to Become Most Expensive Sports Franchise in US History With Looming Bidding War
Windhorst also noted that James "wants to join up with partners to become the face of the franchise in Las Vegas."
Shaquille O'Neal's also interested in team ownership
James isn’t alone. Shaquille O’Neal, an NBA Hall of Famer and media personality, has also shown interest in owning the team. O’Neal had to sell his minority stake in the NBA’s Sacramento Kings due to a betting partnership.
Even multinational companies are interested. Red Bull GmbH, the energy drink maker, is in early discussions about bidding for a Las Vegas team, Bloomberg previously reported.
This is just the beginning. Once the NBA officially announces the expansion process, more investor groups are expected to join the competition.
READ MORE: How Much Money Will LeBron James, Stephen Curry, and USA Basketball Team Make for Playing in 2024 Paris Olympics?
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