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Two major groups are backing James in his endeavor: Fenway Sports Group, known for owning the Boston Red Sox and Liverpool, and RedBird Capital, which has invested in LeBron James and Maverick Carter's SpringHill Company. RedBird Capital also has a partnership with Dwayne Johnson and has transformed the XFL into the United Football League (UFL). These groups, with their combined wealth exceeding $20 billion, form a strong alliance that could secure an NBA team for James.
However, James is not the only contender for an NBA team in Las Vegas. Bill Foley, the owner of the NHL's Las Vegas Golden Knights, is also a strong candidate. Foley's involvement with the T-Mobile Arena, a proposed venue for a future Las Vegas NBA team, adds complexity to the situation, as he might block the use of the arena if he fails to secure ownership.
The decision on NBA expansion and which cities will be included rests with Commissioner Adam Silver. While James's influence and the backing of powerful groups give him an advantage, the outcome is far from certain. James's potential to succeed as an owner is highlighted by his reputation as `LeGM` for his influence in shaping rosters, but the path ahead will be challenging.
#LeBronJames,#NBAExpansion,#LasVegas,#FenwaySportsGroup,#RedBirdCapital
