Raiders Minority Owner Egon Durban Joins Nancy Walton/Bill Laurie Group In Bid For NBA Expansion Team In Las Vegas, SBJ Says
By Alan Snel, LVSportsBiz.com Publisher-Writer
LAS VEGAS, Nevada — When it comes to choosing an ownership group for an NBA expansion team in Las Vegas, Commissioner Adam Silver and NBA team owners are sitting in a very nice position.
He and the NBA Lords of Roundball have three powerhouse groups to choose from, including one contender that just got more juice thanks to Raiders minority owner Egon Durban, a tech investor and Silver Lake co-CEO joining the multi-billionaire married couple of Nancy Walton Laurie and Bill Laurie. The Lauries have a Henderson home and Nancy is the heir to the Walmart retail empire.
So, if a mountain of money is your top priority, the Lauries/Duban combo is a formidable contender to be picked by the NBA to launch new team in Las Vegas. It will likely cost in $12 billion or $13 billion range.
Not only did Durban join the Lauries, according to a Sports Business Journal story, that group is looking at a potential arena site next to the Raiders-managed Allegiant Stadium.
Another powerful contender is the VGK owner Bill Foley/USA Basketball leader Jerry Colangelo team. Foley has T-Mobile Arena at his disposal because he owns 15 percent of the building that also houses the NHL Vegas Golden Knights. Colangelo also used to own the Phoenix Suns.
The third contender is the duo of former Bucks owner Mark Lasry and Toronto-born billionaire and real estate giant Steve Apostolopoulos.
LVSportsBiz.com is a friend of Sports Business Journal and here is the SBJ story.
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