Knights Owner Explores NBA Expansion Bid for Las Vegas

Foley looks to renovate T-Mobile Arena for potential new NBA franchise

Apr. 8, 2026 at 6:04am

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A cubist, geometric painting depicting a fragmented, multi-perspective view of a basketball arena, with sharp, overlapping planes of color representing the energy and excitement of the sport.The potential renovation of T-Mobile Arena could pave the way for Las Vegas to land an NBA expansion franchise.Las Vegas Today

Bill Foley, the owner of the NHL's Vegas Golden Knights, is reportedly interested in pursuing ownership of an NBA expansion team that could be awarded to Las Vegas. As part of the exploration process, Foley is considering a $300 million renovation of T-Mobile Arena, the home of the Golden Knights, to potentially accommodate an NBA franchise.

Why it matters

Las Vegas has long been viewed as a prime candidate for NBA expansion, and Foley's interest in owning an NBA team could accelerate the league's plans to add a franchise in the growing market. The potential renovation of T-Mobile Arena would also provide a suitable home venue for a new NBA team.

The details

Foley, who owns a partial stake in T-Mobile Arena, has stated that he is interested in pursuing ownership of an NBA expansion team. The NBA is officially exploring expansion to Las Vegas, and part of the process will be determining the ownership group and the home venue for a potential new franchise. Foley is considering a $300 million renovation of T-Mobile Arena to make it suitable for an NBA team.

  • The NBA is currently exploring expansion to Las Vegas.

The players

Bill Foley

The owner of the NHL's Vegas Golden Knights who is interested in pursuing ownership of an NBA expansion team in Las Vegas.

T-Mobile Arena

The home venue of the Vegas Golden Knights that Foley is considering renovating for a potential new NBA franchise.

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What they’re saying

“I'm looking at renovating T-Mobile Arena to the tune of $300 million.”

— Bill Foley, Golden Knights Owner

What’s next

The NBA will continue its exploration process to determine if and when Las Vegas will be awarded an expansion franchise, as well as the ownership group and home venue for the new team.

The takeaway

Foley's interest in owning an NBA expansion team in Las Vegas, coupled with his plans to renovate T-Mobile Arena, could accelerate the league's efforts to add a franchise in the growing market and provide a suitable home venue for the new team.