While His Las Vegas NBA Dream Remains Prohibited, LeBron James’ Cherishes “Friend’s” $3.7 Billion Sin City Project

While LeBron James, the basketball player, is impressive, he, as a businessman, is equally impressive. As per Forbes, the Forward became a billionaire in 2022. His immense wealth is a result of his equity approach. Instead of always seeking a quick buck, he loves to be an investor. His investments have paved the way for him to double his fortunes at each turn. However, even for a business phenom like him, not every wish comes true. Therefore, when dreams come true for big-shot personalities, he’s the first one to acknowledge it. 

LeBron James and the Las Vegas connection

In another massive feat, LIV owner David Grutman, is now going to open a resort in Las Vegas. To mark the event, he shared an Instagram story congratulating the investor. He wrote, ”Wow!! Congrats my friend!! 🙌🏾🙌🏾🙌🏾🙌🏾🔥🔥🔥🔥🔥🔥”

The immense resort is worth $3.7 billion. James has been looking to build that kind of money in Las Vegas. For many years, the All-Time Scoring Leader has expressed the desire to own a franchise based in Sin City. He related his wish during the latest installment of the All-Star game. Further adding, “I would love to at some point down the road own an NBA franchise and be able to bring a winning franchise to a city”. He continued, “Vegas is a really cool city and doing some really great things in sports these days. You see what the Aces are doing? You got the Raiders there, you’ve got the Kings there, the hockey team’.’ He has showcased this desire on his show, The Shop. 

Apart from that, last October, after a preseason fixture against the Suns in the city, he made a direct pitch to Commissioner Adam Silver. The Lakers superstar said, “I want a team here, Adam. Thank you”. Despite these multiple attempts, he can’t be an owner of the team.

Rules don’t allow him to be an owner 

In the latest Collective Bargaining Agreement, Article 29 from Section 11 declares, “Active NBA players aren’t allowed to have any financial stake in an NBA team”. Therefore, till his playing days are on in the league, there is no chance. Apart from that, Silver is also careful about the expansion talks. In July, during the annual Associated Press Sports Editor(ASPE), he said, “We will turn to expansion once those new media deals are done. It’s not a sure thing, but, as I’ve said before, I think it’s natural that organizations grow over time.”

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There is no doubt even these impediments wouldn’t curb LeBron James’s pursuit of a franchise in Las Vegas. When he retires and a minute chance is up there, he will grab it.

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