‘Las Vegas Jacks’ ownership group announces $8 billion bid for NBA expansion franchise

A-listers including Bob Iger, Shaq, Magic Johnson and ex-Turner prez David Levy vying for NBA's Las Vegas expansion team

The league is considering adding two more teams in 2028

Billionaire Battlegrounds: Jerry Colangelo-Led 'Las Vegas Jacks' Group Unveils Massive $8 Billion NBA Expansion Bid

LAS VEGAS, NV — Blockbuster sports commerce news broke across national networks as an elite, billionaire-backed venture group officially went public with an astronomical $8 billion capital strategy engineered to land a permanent NBA expansion franchise in Southern Nevada. The high-profile rollout instantly triggers a massive financial bidding war for executive control over the valley’s next major professional sports footprint. The $8 Billion Hea…

Las Vegas NBA expansion team being pursued by group led by former Suns owner Jerry Colangelo

The Las Vegas Jacks are the latest potential ownership group set to go all-in on their pursuit of a Las Vegas NBA expansion team.

‘Las Vegas Jacks’ ownership group announces $8 billion bid for NBA expansion franchise

A new group has joined the effort to bring an NBA franchise to Las Vegas, and it says it’s already committed $8 billion to its bid — with more money on the way.

Las Vegas Jacks Ownership Group Assembles World Class Leadership Team to Pursue NBA Expansion Franchise

LAS VEGAS--(BUSINESS WIRE)--Jul 8, 2026-

Las Vegas NBA Expansion Group Touts $8 Billion War Chest