Wednesday, June 28, 2023

Oak View Group Has $10 Billion For Las Vegas NBA Arena Warriors Relocate To Las Vegas Possible - ATLNews


Oak View Group Has $10 Billion For Las Vegas NBA Arena & Sports Campus, Warriors Relocating To Las Vegas Is Possible The fist time I presented this, I reported the following: The plan presented by Oak View Group CEO Tim Leiweke (who I recall from his effort to bring the NFL to Downtown Los Angeles), is to build a $10 billion sports campus resort that contains an NBA-ready arena of 20,000 seats. The Oak View Group is said to want either an expansion NBA team or an existing. But my bet is that they're going to need as big a pop as possible to pay off the private bond issues, and to get that, what better NBA team to target than the Golden State Warriors? And lest you think I'm presenting a pipe-dream, let me report that former Raiders President Marc Badain and Joe Lacob do talk and have a terrific relationship. They were most recently spotted July 8th. 2021 in Las Vegas, and for the Vegas Magazine Cover Party with Host Andra Day at The h.wood Group's Grand Opening of Delilah at Wynn Las Vegas. Some of your reactions were down right angry. @deanwille334- Warriors have a new arena! NBA wouldn’t approve a move. Vegas is dreaming. Joe Lacob is not like Mark Davis and John Fisher @lovejoyb20- One of these days the people of Oakland will realize that Las Vegas doesn't want ANY of your teams. We didn't want the Raiders, we sure as hell don't want the A's, and if AEG builds a 10 billion dollar complex with a basketball arena as has been suggested, it will be for an expansion team. @1870dav- Lol comparing leave Oakland to SF as the same as SF to Vegas. The difference is about 600 miles. The most valuable franchise in the NBA with a brand new arena isn't leaving for Vegas or anywhere. Others got the logic. @keithwillis3761 - Unlike the A's the Warriors don't have to say anything until the Venue is built; if they move they can do it overnight. No outcry to hear while in the Bay Area. And time it with a Huge acquisitions that blow up the salary cap tax; they can easily cover with the new deal and venue. Oh I think your right makes too much sense. I know the media talks about the Tech$$; but those tech guys are in Vegas a ton also I personally witnessed that. And no state income tax automatically rises the value of contracts. This seems very very plausible. I usually only go to one or two games a year; so making it a Vegas trip doesn't seem that much of a stretch for me personally. And you add the High Speed rail service from Brightline. Oh boy. Vegas is just out competing every other city. Being that close to LA really helps also. If Vegas starts stealing that LA media market it's a wrap. Are they going to offer ESPN a $0 dollar HQ?? @mjwings3228 - Don't see why East Bay fans would care, The Dubs already left Oak. Zennie's take would certainly be something Lacob would consider even if he says hell no in public. That's a lot of money, ect. Opportunity. My point is there would be no story if OVG had $4 billion. But they have $10 billion. Plus, high speed rail is set to go next door. That would make Las Vegas the top sports destination for people in Los Angeles. The Commodification Of Sports Franchises The Oak View Group has 16 stadiums and arenas completed and arguably is starting what I will call the "Commodification Of Sports Franchises". I came to that idea after being pitched to buy a food franchise. What if it were a sports franchise? Just a thought. There is too much sports going on seeking money for that not to be a logical end result. But that means more and more team movement, not less. That's what is happening. Stay tuned.
via YouTube https://www.youtube.com/watch?v=6Urd9IDVj84

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