Colangelo Eyes NBA Expansion in Vegas | Phoenix Suns News

Jerry Colangelo, legendary sports executive and NBA expansion pioneer, is spearheading a private equity effort to bring an NBA team to Las Vegas — a move that’s both timely and overdue, given the city’s thriving sports culture and existing NFL, NHL, and incoming MLB franchises. With decades of experience launching successful teams and a deep-rooted belief in Vegas’ basketball DNA — from college hoops to the NBA Summer League — Colangelo is positioning the city as the ideal next frontier for the league. He also reflects on the staggering rise in franchise valuations since the 1960s, recalling his 1987 Suns purchase for $44.5 million versus today’s billion-dollar price tags — a shift that’s empowered private equity to enter the sports ownership arena. With Colangelo’s leadership and Vegas’ passionate fanbase, this expansion could be the NBA’s most strategic move yet. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/04b92fa632f003c5