NBA Expansion Process Advances For Las Vegas, Seattle Franchises
The NBA's expansion process is gaining momentum as the league evaluates potential new franchises in Las Vegas and Seattle, according to sources cited by The Athletic. The league and financial advisory firm PJT Partners recently asked interested bidders to submit preliminary information, including cap-table sketches, investor details and proposed purchase prices. Groups pursuing a Las Vegas franchise face a second, more detailed submission deadline in September, while only one bidding deadline c...
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