Mayweather: I offered over $2B to buy NBA team
Floyd Mayweather Jr. is ready to put his money where his mouth is when it comes to his desire to own an NBA franchise.
During a recent panel discussion, the boxing legend revealed he already made an offer for over $2 billion for majority ownership of an unnamed NBA team. He indicated he'd be open to owning an existing franchise or a potential expansion team.
"I've been working on buying an NBA team outright," Mayweather said. "One of my other business partners, (ONE Entertainment CEO) Brent Johnson, he's here. So we've been working on the NBA team for a while now. ... It could be the Vegas franchise, it could be the Seattle franchise, or I could be buying a franchise that's already up and running.
"The first offer, we offered them a little bit over $2 billion for majority ownership."
Mayweather said in June that he had been "working behind the scenes with the NBA" for several months on owning a team but didn't share any further details.
The Phoenix Suns are the only NBA franchise currently known to be for sale and have an estimated value of $2.7 billion as of October, according to Forbes.
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