Sports billionaire who wants to beat Bob Iger to Vegas NBA takeover just sealed $60m deal
AI Summary
An American sports billionaire has secured a $60 million deal as he seeks to outbid Bob Iger for ownership of the Las Vegas NBA franchise. This move reflects increased billionaire involvement in NBA ownership over the past decade and impacts sports business dynamics.
American billionaires have flocked into the NBA in the last decade. When you take a step back, it makes perfect sense.