LeBron James has all but confirmed his plan to front an NBA team in Las Vegas when he retires, a venture he will likely achieve with Liverpool owners Fenway Sports Group.
Adding another US sports team has been on the agenda for some time now as part of their 'FSG 3.0' plans, and already holding majority ownership of teams in baseball (Boston Red Sox) and ice hockey (Pittsburgh Penguins) the focus has been on adding an NBA team owing to the cost prohibitive nature of the NFL at present and the rules that it has in place that forbid private equity in ownership, of which FSG have the likes of RedBird Capital Partners and Arctos Sports Partners in play.
The Phoenix Suns being placed up for sale last month with a $2.5bn valuation presented a somewhat unexpected availability of an already active franchise, and while sources have told the ECHO that the opportunity would likely be looked at by FSG, it is an expansion franchise that the Liverpool owners are wanting to pursue.
