LeBron James faces a major setback in his long-standing goal of owning an NBA team after Fenway Sports Group opted out of pursuing a Las Vegas expansion. With expansion fees reportedly reaching $8 billion and no primary financial backer, his plans now appear uncertain. Timing also remains an issue, as retirement would be required before any ownership bid becomes possible. LeBron James faces a major setback in his long-standing goal of owning an NBA team after Fenway Sports Group opted out of pursuing a Las Vegas expansion. With expansion fees reportedly reaching $8 billion and no primary financial backer, his plans now appear uncertain. Timing also remains an issue, as retirement would be required before any ownership bid becomes possible.
