Billionaire Baller LeBron James Wants Vegas Team!
What do you do when you hit a billion dollars? You want to buy a team in Las Vegas. Well that is what Lebron James wants next. Read on since LeBron James wants to own a Vegas Team…
CelebnSports247.com reports that earlier this week, King James is making it known once again that he still want to own an NBA team when he is finished playing.
LeBron James, whose net worth 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 is finished playing.
Now that vision has a location.
James said in a clip from the latest episode of his talk show, “The Shop,” that will debut Friday.
I want a team in Vegas…I want the team in Vegas.
Here is what SSR had to say on James being able to nab a Team.
There would be a number of hurdles James would have to clear to own a team in Vegas. Despite recently officially becoming a billionaire, it would be a very pricy venture for James to bring a team to Vegas. Longtime NBA reporter Marc Stein laid out the numerous challenges James would face before he could own a team in Los Angeles.
For one, the league isn’t looking to expand, as Adam Silver has made clear even as recent as last week during his annual press conference at the Finals. And when they do, it’s going to be quite expensive. From Stein:
You are simply advised to recall that, back in January 2021, Silver described media speculation which estimated expansion fees in the range of $2.5 billion per team as “very low.” Consider that an important hint regarding the league’s mindset on expansion matters.
Stein also notes that an improved TV deal in the coming years will almost certainly raise the value of franchises and, thus, increase that expansion fee as well. Even for a billionaire like James, this is quickly going to become a pricey dream.
We Will see if LeBron can conquer this hurdle.
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