What did Rich Paul say about LeBron James owning a Vegas NBA team?

Rich Paul denied rumors suggesting he and LeBron James might own a potential Las Vegas NBA expansion team, stating he doesn't have enough money and hasn't discussed it with James.

What is the reported cost of a Las Vegas NBA franchise?

The reported cost for a Las Vegas NBA franchise is $10 billion.

When will NBA expansion decisions be made?

Decisions regarding potential NBA expansion are expected later this year, following ongoing discussions and meetings.

Home / Sports / Rich Paul Denies LeBron Vegas Ownership Rumors

Rich Paul Denies LeBron Vegas Ownership Rumors

28 Feb

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Summary

Rich Paul refuted LeBron James' potential Vegas NBA ownership.
Paul stated he does not have enough money to buy a team.
NBA expansion talks for Las Vegas are ongoing, decisions later this year.

Rich Paul Denies LeBron Vegas Ownership Rumors

Rich Paul, agent and friend to LeBron James, has recently responded to circulating rumors about him potentially owning an NBA expansion franchise in Las Vegas. These rumors suggested James could be the star player for such a team, with Paul selling his agency, Klutch Sports, to finance his ownership stake. Paul, however, stated on his podcast that he does not have sufficient funds to buy a team and that the reported $10 billion cost for a Las Vegas franchise is too high.

He further clarified that he has not discussed any team ownership plans with LeBron James. NBA Commissioner Adam Silver has confirmed that discussions about league expansion, potentially including Las Vegas and Seattle, are progressing. Decisions regarding expansion are anticipated later this year, following further meetings and market assessments.

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