Iger, Kushner Mull Bid for NBA Expansion Team
Bloomberg 2026-06-29 15:21:47
Context: The National Basketball Association's next expansion franchise is attracting a crowded field of billionaire bidders, with Las Vegas emerging as a prime location for the new team. A group including high-profile figures such as Bob Iger and Jared Kushner is considering a bid for the expansion team. The decision on the new franchise is expected to be made by NBA Commissioner Adam Silver.
Key Facts
- The NBA's next expansion franchise is drawing interest from multiple billionaire bidders, with Las Vegas becoming a focal point for the new team.
- A group consisting of prominent figures Bob Iger and Jared Kushner is mulling a bid for the NBA expansion team.
- NBA Commissioner Adam Silver is expected to make a decision on the new franchise, with the process being analyzed by Bloomberg's Randall Williams on the Open Interest podcast.
- The involvement of private equity in the ownership structure could significantly reshape the economics of professional sports ownership.
- The crowded field of bidders and the potential for private equity involvement are contributing to the increasing complexity of the NBA expansion team ownership process.