LeBron James may have to fight Floyd Mayweather over the next move
Liverpool owners Fenway Sports Group want to acquire a team to play in the NBA, that much has already been established.
The Reds owners – whose overall empire that includes Liverpool, the Boston Red Sox and the Pittsburgh Penguins, among others, surpassed the $10bn mark earlier this year – have plans to further grow the portfolio, with a team in the world’s foremost basketball competition, the NBA, right at the top of their agenda.
LeBron James may have to fight Floyd Mayweather over the next move
FSG had reportedly looked at league teams last year, including the Minnesota Timberwolves, but with the NBA likely to expand from 32 teams to 34 in the not too distant future, with franchises in Seattle and Las Vegas set to be up for grabs for around the $2.5bn mark, the Reds owners are expected to keep their powder dry until that opportunity presents itself.
FSG to land a team in Vegas and have basketball icon and FSG partner LeBron James front the operation when he decides to call time on his stellar career on the hardwood. It has long been James’ wish that he wanted to own an NBA team and having accreted his ownership of Liverpool into one per cent of FSG last March when the $750m RedBird Capital Partners investment into FSG was concluded, the plan has become clearer.
MORE NEWS: After winning Championship Klay Thompson made it clear to Warriors Coach Steve that it doesn’t want to play for another…
NBA commissioner Adam Silver all but ruled out any movements on expanding to 34 teams before 2024 when he addressed reporters last month, although he did concede that it was coming down the tracks and that Seattle and Las Vegas would make good locations for any new teams.
LeBron James may have to fight Floyd Mayweather over the next move
Liverpool owners Fenway Sports Group want to acquire a team to play in the NBA, that much has already been established.
The Reds owners – whose overall empire that includes Liverpool, the Boston Red Sox and the Pittsburgh Penguins, among others, surpassed the $10bn mark earlier this year – have plans to further grow the portfolio, with a team in the world’s foremost basketball competition, the NBA, right at the top of their agenda.
LeBron James may have to fight Floyd Mayweather over the next move
FSG had reportedly looked at league teams last year, including the Minnesota Timberwolves, but with the NBA likely to expand from 32 teams to 34 in the not too distant future, with franchises in Seattle and Las Vegas set to be up for grabs for around the $2.5bn mark, the Reds owners are expected to keep their powder dry until that opportunity presents itself.
FSG to land a team in Vegas and have basketball icon and FSG partner LeBron James front the operation when he decides to call time on his stellar career on the hardwood. It has long been James’ wish that he wanted to own an NBA team and having accreted his ownership of Liverpool into one per cent of FSG last March when the $750m RedBird Capital Partners investment into FSG was concluded, the plan has become clearer.
MORE NEWS: After winning Championship Klay Thompson made it clear to Warriors Coach Steve that it doesn’t want to play for another…
NBA commissioner Adam Silver all but ruled out any movements on expanding to 34 teams before 2024 when he addressed reporters last month, although he did concede that it was coming down the tracks and that Seattle and Las Vegas would make good locations for any new teams.
