Former Disney CEO Bob Iger and Joshua Kushner, founder of Thrive Capital, are reportedly exploring the possibility of bidding for the NBA’s next expansion franchise in Las Vegas. Multiple outlets report that the pair have discussed making a bid and have hired investment bankers as part of their efforts. The reports cite sources familiar with the talks.
The NBA’s expansion process is tied to an NBA Board of Governors vote in March, when the league formally moved to study adding teams in Las Vegas and Seattle. While the league has not announced an ownership group or a final timeline in the provided accounts, coverage suggests that the competitive field of potential bidders is growing as league officials consider next steps.
One report also discusses broader ownership dynamics, including how private equity could influence the economics of professional sports ownership. Overall, the available information centers on the early stage of the bid exploration and the NBA’s ongoing review of potential expansion markets.
