LAS VEGAS (FOX5) — Three groups competing to bring an NBA expansion team to Las Vegas have proposed franchise valuations of $10 billion or more, ESPN NBA reporter Shams Charania said on ESPN NBA Tip-Off.
Charania, citing sources, said the league was moving closer to selecting a winning Las Vegas bid. He identified the three finalists as:
- A group led by Nancy Walton Laurie and her husband, Bill Laurie.
- A group including Las Vegas Golden Knights owner Bill Foley and Basketball Hall of Famer Jerry Colangelo.
- A group led by Canadian billionaire Steve Apostolopoulos that includes former Milwaukee Bucks co-owner Marc Lasry and “Inside the NBA” analyst Kenny Smith.
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Smith confirmed his involvement in the Apostolopoulos group but said he could not speak to the accuracy of the reported dollar amounts. He said the process had taken longer than he expected and described it as coming down to the wire.
Charania said he expected a decision on the Las Vegas group by the end of December.
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