The NBA has officially begun to expand its ranks, and Las Vegas and Seattle are likely to be hot potential locations for new teams. Meanwhile, the battle for a new team in Las Vegas will be the most competitive and expensive sports deal in United States history. According to an adviser with extensive experience in buying and selling teams in the NBA, the final price of the new arena will reach 7 billion.
What is the concept of 7 billion? Let's put it this way, the most expensive team transfer in NBA history is the change of ownership of the Suns in 2022, when the Suns' entire equity was worth $4 billion according to the contract. The Mavericks and Bucks, who tied for second place, are worth about $3.5 billion in the team.
Teams like the Warriors and Lakers, which have a big ball market and have the blessing of superstars, are expected to be valued at 4 billion+, or even more than 5 billion. This shows how terrifying the team with a budget of $7 billion is. On the other hand, the most valuable team traded in the history of the world's business leagues is $6.05 billion.
The trade comes from the 2023 NFL league Washington Commanders' change of hands. A few years ago, fans discussed the four major leagues in North America, and many fans thought that the NBA was at the bottom of the rankings, and before the NBA, there were football leagues, major league baseball, and ice hockey leagues. Now, with the signing of a new broadcast deal, the NBA has jumped to second place, and even has the momentum to catch up with the NFL.
The emergence of a new team in Las Vegas this time is an opportunity, when the NBA team market value is the first in history, does it also mean that the NBA has a chance to become the world's strongest business league? On top of that, more and more chasers are joining the fray. At present, the most optimistic is still James and the consortium behind him.
The game of having James as the manager and leading the major consortia is recognized by most industry insiders. In addition to this, Red Bull is also said to have some ideas about taking the team. The last time an NBA team was added was in 2004, and now twenty years later, a new team will be officially born. Let's look forward to it.