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Golden Knights owner Bill Foley seeks NBA expansion team in Las Vegas

Yahoo Sports • 1 min read • Latest: Jun 23, 2026, 7:38 PM

Last updated Jun 23, 2026

Golden Knights owner Bill Foley seeks NBA expansion team in Las Vegas

Summary

Bill Foley, owner of the NHL's Golden Knights, is officially pursuing an NBA expansion team for Las Vegas. His proposal includes using the T-Mobile Arena as the venue. Foley has hired Morgan Stanley & Co. for financial advice and Simpson Thacher & Bartlett LLP for legal support. His announcement follows the NBA's decision to explore expansion opportunities in Las Vegas and Seattle. Several other notable figures, including Magic Johnson and Shaquille O’Neal, have also expressed interest in owning an NBA team in Las Vegas, indicating a competitive ahead.

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By the Numbers

•Foley aims to replicate his Golden Knights success in the NBA.
•Expansion fees for a Las Vegas team are estimated at $7-10 billion.
•Other interested parties include Magic Johnson and Shaquille O'Neal.
•The NBA is considering expansion into Las Vegas after recent board approvals.
•T-Mobile Arena may undergo upgrades to accommodate an NBA franchise.

Latest Updates

7:38 PMYahoo Sports — Golden Knights Owner Joins Race for Vegas NBA Expansion Team

What they're saying

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The Golden Knights owner is leaning partially on his successful NHL track record.
— Yahoo Sports

Related Teams & Leagues

New York Knicks Philadelphia 76ers Portland Trail Blazers Basketball

Sources

External links

Yahoo SportsJun 23, 2026, 7:38 PM
Golden Knights Owner Joins Race for Vegas NBA Expansion Team
The Golden Knights owner is leaning partially on his successful NHL track record.

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