According to Bloomberg, the NBA's new team bid in Las Vegas will be the most expensive and competitive sports bid in United States history. Suitors include James and his supporters, Red Bull and others, and the total cost of building a new arena could be as high as $7 billion.
According to NBA reporter Bill Simmons, he has his inside information that if Las Vegas expands, the frontrunner will be Fenway Sports Group, and James may be involved. James is a minority shareholder in Fenway Sports Group, which also owns shares in the group's Liverpool Football Club and the Boston Red Sox of MLB.
More than a decade ago, James bought a 2% stake in Liverpool. Three years ago, James increased his stake in Liverpool. Over the years, James has earned tens of millions of dollars through Liverpool.
In addition to the same goal of investing in NBA teams, Fenway Group also has the same investors as James. In 2021, Redbird Capital acquired a 10% stake in Fenway Group for $750 million, while the private equity firm also invested in James' media company, SpringHill Company.
Suffice it to say, James is in the lead position to own a stake in the new Las Vegas team, and he's bound to win.
In July 2023, Maddie spoke in an interview about the NBA's expansion: "For the last three years, I've heard that this team is going to expand in Las Vegas. I've heard that LeBron James is going to be the boss of it. It's his team. I heard about it through multiple affiliate channels. ”
In March, Rondo said in an interview: "I'm waiting for LeBron to buy the team, and I'll go to him as a coach when his new Las Vegas team is in place." ”
Woj, a well-known journalist, said in December: "As far as I know, it's not just a rhetoric that LeBron wants to have a team in Las Vegas, he's actively pushing behind the scenes, and he's meeting with his advisors every day to discuss how his ideal new team works." Obviously, the financial problems are a big one, and it takes a lot of money to build a new team. The league's plan is to add two new teams after the next TV rights talks, with Las Vegas and Seattle leading the way, with LeBron committed to moving into the heart of the new Las Vegas team. ”
In 2021, there was a general consensus within the NBA that an expansion was necessary to make up for the losses caused by the pandemic, with Seattle and Las Vegas as candidates for new teams. At the same time, the NBA will levy a $2.5 billion franchise fee on each new team, which will be split equally among the current 30 teams.
At the time, most sources believed that the NBA would expand its military in 2024, but halfway through this year, there is no substantial expansion news. It is expected that James will only become the owner of the Las Vegas team after retiring.
Well, follow the news of a wave of Lakers.
An interesting statistic is that Bronny and Wembanyama weigh the same weight, both weigh 210 pounds, but the difference in height is almost 40 centimeters.
Before Bronny was complained by Jaylen Brown that he was "not a professional player", Bronny averaged 4.3 points per game and shot 23% from the field. After being complained about, Bronny averaged 12.5 points per game and shot 48% from the field.
Moreover, Bronny's first three Summer League games combined with 6-of-26 shooting, and Jaylen Brown was not as good as Bronny, with a total of 5-of-26.
Shame and courage, Brownie is still good. Keep up the good work and prove yourself.
Today, the United States team trained in London, United Kingdom, and Durant is back and is expected to be available for the upcoming Olympic warm-up games. James was funny again, making an out-of-bounds pass, and KD finally made a three-pointer.
By the way, James updated his news today and released an advertising slogan:
"As long as I'm on the pitch, I'm going to try to be the greatest."
Keep chasing greatness, old Zhan.