Las Vegas NBA Expansion Process Narrows to Two Bidding Groups
The process for an NBA expansion franchise in Las Vegas has narrowed to two bidding groups after a team led by Marc Lasry and Steve Apostolopoulos withdrew from contention. The remaining bids are from a group including Nancy Walton Laurie…
Las Vegas, NV, October 23, 2026 —
The process to secure an NBA expansion franchise in Las Vegas has narrowed to two bidding groups after a team led by Marc Lasry and Steve Apostolopoulos withdrew from contention.
The two remaining bids are from a group that includes Nancy Walton Laurie and Egon Durban, and another featuring Bill Foley and Jerry Colangelo. The available information identifies the groups’ participants but does not provide further details about their bids.
The withdrawal leaves two groups in contention, but the information provided does not indicate whether the NBA has made a decision, set a timetable for one, or specified what the next steps will be. It also does not state why the Lasry-Apostolopoulos team withdrew.
Other details about the expansion process remain unspecified, including the proposed financial terms of the bids, the groups’ plans for a team, and whether either bid has been formally selected. No date for the withdrawal or for the current status of the process was provided.
For now, the known development is limited to the change in the field of bidders: the Lasry-Apostolopoulos group is no longer competing, while the groups associated with Laurie and Durban, and Foley and Colangelo, remain. The information available does not establish what outcome the NBA will choose or when it may announce a decision.
Story summarized from the original created by Mick Akers on www.reviewjournal.com, see more information here.
