The NBA is expected to select the winning bid for ownership of a Las Vegas expansion team from three finalist groups, with bids reportedly in the $12 billion to $13 billion range.
The finalists are Nancy Walton Laurie and Bill Laurie; Steve Apostolopoulos and Marc Lasry; and Bill Foley and Jerry Colangelo. Each group remains under review as the league moves through the process of identifying an ownership structure for a potential franchise in Las Vegas.
Las Vegas Remains Central to NBA Expansion Discussion
Las Vegas has become an increasingly prominent basketball market in recent years, hosting major league events and serving as a regular site for NBA activity. The city has long been viewed as a leading candidate in any future expansion process.
No final selection has been announced. The league’s review of the three finalist groups is expected to determine which bid advances as the ownership choice for the Las Vegas team.