• Loading stock data...
Monday, June 2, 2025

Vegas Baby, Vegas!

Kirby Lee-USA TODAY Sports

Las Vegas Raiders owner Mark Davis is expanding his desert sports empire. 

He entered an agreement to purchase the WNBA’s Las Vegas Aces from MGM Resorts International, the team announced today. The deal is pending approval by the league’s board of governors. 

MGM brought the Aces — formerly the Utah Starzz and San Antonio Stars — to Vegas in 2018. The team, led by league MVP A’ja Wilson, reached the 2020 WNBA Finals.

WNBA ownership has already been a topic of discussion in 2021, as LeBron James suggested he wanted to buy the Atlanta Dream from Kelly Loeffler after she lost the Georgia Senate runoff election. 

  • The average WNBA team is estimated to be valued at around $13.7 million.
  • Davis has an estimated net worth of $500 million; the Raiders are valued at about $3.1 billion. 

The presumptive new Aces owner has regularly attended the team’s games, and in 2019 the Raiders distributed 1,600 Aces tickets to young fans.

The Raiders’ Vegas relocation was approved in 2017 after they spent the previous 25 years in Oakland and 60 total in California.

Vegas’ third major sports team, the NHL’s Golden Knights reached the Stanley Cup Final in their inaugural 2017-18 season.

“The community benefits of professional sports are tremendous,” Davis said in 2019. “In particular, the women who play for the Las Vegas Aces are great role models for the young women all over Southern Nevada.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

WNBA Championship Ring Boom: ‘Way Bigger. Way More Diamonds’

The Liberty’s WNBA championship ring value soared to $60,000.
Former President Donald Trump leads a campaign rally at Mullett Arena at Arizona State University in Tempe on Oct. 24, 2024.

Sports Owner Tax Perk in Crosshairs As Bill Moves Forward

The provision would eliminate certain tax breaks for pro sports owners.
Cheryl Reeve
exclusive

WNBA GMs Explain How They Dealt With Unprecedented 2025 Sprint

“I don’t think there’s ever been anything like this.”

With LeBron and Steph Out, Anthony Edwards Stakes Case As NBA Face

Edwards is second in jersey sales among the remaining players.

Featured Today

PSG and the City of Paris Can Join European Soccer’s Elite

What a maiden Champions League title would mean for the French club.
May 30, 2025

How the Champions League Anthem Took on a Life of Its Own

The composer didn’t know he wrote a timeless hit three decades ago.
May 25, 2025

How Rolex Paved the Way for Luxury’s Love Affair With Tennis

“It’s almost impossible to think about tennis without thinking about Rolex.”
Mar 23, 2025; Miami, FL, USA; Alexandra Eala (PHI) reacts after winning a point against Madison Keys (USA)(not pictured) on day six of the Miami Open at Hard Rock Stadium.
May 24, 2025

Alex Eala Is Defying Her Country’s Odds to Make French Open History

The Philippines native has overcome a unique set of financial odds.

The Former NBA Agent Who Became a Pickleball Deputy Commissioner

Chris Patrick went from representing Jimmy Butler to pickleball deputy commissioner.
March 13, 2025

Junior Bridgeman Was the Prototype for Business Success After Sports

He started with Wendy’s franchises, later expanding into bottling, magazines, and more.
July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.
April 14, 2025

Joe Dumars Leaving NBA League Office to Run Pelicans

Joe Dumars was the architect of the 2004 champion Pistons.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In Episode 7 of Portfolio Players, go inside the boardroom with Avenue Capital CEO and former Milwaukee Bucks co-owner Marc Lasry on Giannis’s future, women’s sports, and upstart leagues like TGL and Unrivaled. 
Feb 12, 2023; Glendale, Arizona, US; A$AP Rocky on the sideline after halftime during Super Bowl LVII at State Farm Stadium.
February 27, 2025

A$AP Rocky Could Be Latest Celebrity Owner in English Soccer

Following his acquittal, the rapper is closer to owning Tranmere Rovers.
Oct 23, 2024; Miami, Florida, USA; Miami Heat president Pat Riley addresses the crowd during the Pat Riley Court dedication ceremony at halftime at Kaseya Center.
February 14, 2025

Here’s Where Pat Riley’s Three-Peat Trademark Money Goes

Riley has the phrase trademarked despite having no three-peat of his own.
Dec 1, 2024; Landover, Maryland, USA; Washington Commanders general manager Adam Peters (L) talks with Commanders owner Josh Harris (R) on the field prior to the game against the Tennessee Titans at Northwest Stadium.
December 4, 2024

CEO Leaves $13 Billion Soup Company to Run Commanders

The new president will lead the planning and development of the team’s stadium.
LPGA Commissioner Mollie Marcoux Samaan after the final round of golf during the CME Group Tour Championship at the Tiburon Golf Club in Naples, Fla., Sunday, November 19, 2023.
December 2, 2024

LPGA Commissioner Leaving After Brief Up-and-Down Tenure

Mollie Marcoux Samaan was hired in 2021.