NBA Expected to Select Las Vegas Expansion Owner From Three Finalist Groups

The league is nearing a decision on ownership for its newest franchise, with the total cost expected to exceed $12 billion.

The NBA is expected to select a winning bid for a Las Vegas expansion team in the near future, per ESPN's Shams Charania. Three groups are in contention for the franchise, which will include a new arena in the city.

The winning bid is expected to exceed $12 billion, according to multiple reports. ESPN identified the three finalist groups as: Nancy Walton Laurie and Bill Laurie; Steve Apostolopoulos and Marc Lasry; and Bill Foley and Jerry Colangelo. Other outlets did not name the specific bidders in their initial reporting.

NBA Expected to Select Las Vegas Expansion Owner From Three Finalist Groups

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