NBA’s Vegas team may cost $7 billion
The cost for an NBA expansion team in Las Vegas could reach $7 billion, including the expansion fee and arena construction, according to two sports advisers.
The expansion fee might approach $5 billion due to competition and increased media revenue. The Boston Celtics are currently up for sale and their price, valued by Sportico at $5.1 billion despite not owning their arena, could help set the market for Las Vegas.
LeBron James is lobbying for the Vegas franchise with support from RedBird Capital Partners and Fenway Sports Group.
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