Vegas Golden Knights founder and majority owner Bill Foley announced Monday that he is launching a bid to bring an NBA franchise to Las Vegas.
Foley's announcement that he will pursue the first NBA team in Las Vegas comes after the NBA's board of governors approved a vote in late March to explore bids and applicants for expansion franchises exclusively in Las Vegas and Seattle.
A source told ESPN's Shams Charania at the time that all 30 NBA owners voted in favor of exploring Las Vegas and Seattle with the bidding process expected to generate offers in the $7 billion to $10 billion range.
Foley, who Forbes estimates is worth $2.6 billion, is also the owner of AFC Bournemouth in England's Premier League, FC Lorient in France's Ligue 1, Moreirense F.C. in Portugal's Primeira Liga and Auckland FC in Australia's A-League.