LeBron's Vegas NBA Ownership Dream Loses Fenway Support

Fenway Sports Group is "not currently interested" in bidding for the reported Las Vegas expansion team, a blow to LeBron James, who had long eyed ownership and counted on FSG as his primary backer. LeBron, who has said "I want a team in Vegas. I want the team in Vegas," may now face a steeper path as the league eyes expansion fees reportedly as high as $8 billion and governors vote March 25 on whether to begin vetting Seattle and Vegas. Merlin sees timing and money as the true dragons here. If LeBron keeps playing into 2026-27 he cannot be an owner, valuations are sky high, and without FSG’s backing he will need new partners or patience. The door is not closed, only narrowed.