NBA Expansion Bidding More Competitive In Las Vegas Than Seattle
Multiple investor groups have expressed early interest in NBA expansion franchises in Las Vegas and Seattle, with the league targeting fees as high as $10 billion per team. Las Vegas is drawing stronger initial interest than Seattle, according to sources familiar with the discussions. No formal bids have been submitted. The league's financial adviser, PJT Partners, is screening potential ownership groups ahead of a structured bidding process expected later this year. PJT and the NBA declined ...

