LeBron James expected to bid for NBA expansion team in Las Vegas
James — a billionaire in his own right — has said he wants to own a team and pointed to Las Vegas. The Los Angeles Lakers star is backed by RedBird Capital Partners and Fenway Sports Group, with both parties investing in James’ The SpringHill Company in 2021. “They have everything here,” James said in December after the league’s first in-season tournament was held in Las Vegas. But James isn’t the only one. Shaquille O’Neal, an NBA Hall of Famer and media personality, has said that he wants in on whatever team is available. O’Neal was forced to sell his minority stake in the NBA’s Sacramento Kings due to a betting partnership.
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