Bob Iger, Josh Kushner and Bill Foley have $832m incentive to buy Las Vegas NBA franchise

AI Summary

Investors Bob Iger, Josh Kushner, and Bill Foley have a combined $832 million incentive to purchase an NBA franchise in Las Vegas. The project has gained momentum following approval by NBA commissioner Adam Silver to explore expansion options.

An NBA franchise in Las Vegas has been on the cards for many years now, with a roll call of some of the world’s richest investors reportedly interested in the expansion. Plans to launch the team have accelerated in June, several months on from NBA commissioner Adam Silver officially giving his blessing to explore the project.