Red Bull Considers NBA Entry With New Franchise in Las Vegas [Financial Post (Toronto, Ontario, Canada)]
TPG Inc. - Class A (TPG)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Red Bull GmbH is considering bidding for a new NBA basketball team, according to people familiar with the matter, in a move that would significantly strengthen the energy drink giant's sports empire. The deliberations, currently focused on a new franchise in Las Vegas, are internal and at an early stage, the people said, asking not to be named discussing confidential information. Price will be a considerable factor in any potential bid, they said. “We generally do not comment on speculation about what we are or are not planning,” a spokesperson for the Austrian company said. Article content An NBA expansion team could cost more than $4 billion, especially in Las Vegas, which has been trying to attract sports teams to bolster its allure as a tourist destination. NBA Commissioner Adam Silver has said the league will turn to expansion after it comp
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TPG
Earnings
- 5/8/24 - Miss
TPG
Sec Filings
- 6/6/24 - Form 8-K
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- TPG's page on the SEC website