Bill Foley, the owner of the Vegas Golden Knights, has officially entered the bidding to bring an NBA expansion franchise to Las Vegas.
If awarded a team, Foley plans to use the same arena that houses his NHL club—T‑Mobile Arena on the Strip. His sports ownership portfolio also includes Premier League side AFC Bournemouth and Ligue 1 club FC Lorient.
“Las Vegas has earned its place among great sports cities in America, and an NBA team belongs here,” Foley said. “We built the Golden Knights into a championship organization from the ground up, and we are prepared to do it again—with the same standard, the same commitment to this community, and the same insistence on winning. We have the market, a proven world‑class arena and a best‑in‑class organization in place. Our intention is to be ready the day the NBA is ready.”
Foley expects to bring in a “limited number” of minority stakeholders if his bid is selected. The bidding for an NBA expansion franchise is projected to cost between $7 billion and $10 billion.
Las Vegas is also preparing for the arrival of a Major League Baseball franchise—the Athletics—in 2028. The city already fields teams in the WNBA (Aces), NFL (Raiders) and NHL.
“This is the NBA’s decision to make,” Foley added. “Our job is to provide the league a Las Vegas option that is ready, credible, and built to last.”
The NBA’s board of governors opened exclusive bidding for two expansion locations—Las Vegas and Seattle—in March.
Six NHL owners also hold primary stakes in NBA franchises.
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