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Las Vegas NBA Franchise Valued at $12-13 Billion
Original: Las Vegas NBA Franchise Valued at $12-13 Billion, Exceeding Lakers Sale The NBA is nearing the selection of an owner for
The NBA is nearing a decision on ownership for its planned Las Vegas expansion team. According to ESPN, the franchise, including a new arena, is valued at an estimated $12-13 billion, a figure that would exceed the recent record sale of the Los Angeles Lakers. Multiple ownership groups are reportedly in the running as the league moves toward selecting an owner.
Why now: The reported valuation would set a record for an NBA franchise, surpassing the Lakers' sale price, as the league nears an ownership decision.
NBALas VegasLos Angeles LakersESPN
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