Liverpool Owners FSG Close On To Major Move After Miraculous £60BN Agreement
Liverpool owners FSG always had an eye for an NBA expansion team, however, they could close on to add an NBA team to their portfolio of sporting assets.
As Fenway Sports Group continue to access their options to expand their football portfolio, a major development in the US has moved another potential acquisition closer for the FSG.
Liverpool Owners Want To Own An NBA Expansion Team
It is not a secret that Liverpool owners Fenway Sports Group want to add an NBA expansion team to their current list of sporting assets, with Las Vegas a clear runner, with basketball superstar and current Los Angeles Lakers star, and FSG partner, Lebron James tipped to aid the project.
This is something that Lebron James himself has been open about, while Liverpool and FSG chairman Tom Werner has previously spoken about the potential expansion into the NBA, as has another FSG partner, Redbird Capital founder Gerry Cardinale.
There are a number of hurdles that the NBA have needed to clear before expansion from 30 to 32 teams comes into consideration, with the need for a Collective Bargaining Agreement (CBA) to be in place for the next few years.
There are reports indicating a new media rights deal for the NBA to be negotiated with the current $26 billion deal having just 12 months left.
With the FSG considering an NBA expansion team amidst new contracts, FSG will be hopeful to add an NBA expansion team to their sporting assets.
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