LeBron James, whose net value was recently valuated north of $1 billion by Forbes, has made it known for years that he plans to own an NBA team when he’s finished playing.
Now that vision has a location.
“I need a team in Vegas,” James said in a clip from the newest episode of his talk show, “The Shop,” that may debut Friday. “I need the team in Vegas.”
James, who’s already a part-owner of Liverpool FC and the Boston Red Sox, said last season that his “goal is to own an NBA franchise,” adding, “and it is going to be earlier than later.”
James, 37, will enter his twentieth NBA season in the autumn when Los Angeles Lakers training camp opens up. He would need to be finished playing before he could purchase a team, and he would need to work out an ownership group to help within the bid — essentially the most recent NBA team to go in the marketplace, the Minnesota Timberwolves, fetched $1.5 billion in 2021.
James would also need the league to expand to Las Vegas. During his annual NBA Finals news conference last week, NBA commissioner Adam Silver said there aren’t any current plans for expansion beyond the league’s 30 teams.
“We are usually not discussing that presently,” Silver said. “As I said before, sooner or later, this league invariably will expand, but it surely’s not at this moment that we’re discussing it.”
Nonetheless, when asked specifically about Seattle and Las Vegas as potential expansion locations, Silver endorsed each locations.
“Those are wonderful markets,” Silver said. “We were in Seattle. I’m sorry we aren’t any longer there. We now have a WNBA team in Seattle in an almost brand-new constructing that is doing spectacular. And Las Vegas, where we can be at our summer league in July, has shown itself to be an ideal sports market as well.”