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Vegas Golden Knights owner Bill Foley is looking to expand his successful portfolio

It appears that Bill Foley isn't done yet in the sports realm. Here's the other venture he wants to pursue.
Jun 13, 2023; Las Vegas, Nevada, USA; Bill Foley owner of the Vegas Golden Knights after defeating the Florida Panthers in game five of the 2023 Stanley Cup Final at T-Mobile Arena. Mandatory Credit: Stephen R. Sylvanie-Imagn Images
Jun 13, 2023; Las Vegas, Nevada, USA; Bill Foley owner of the Vegas Golden Knights after defeating the Florida Panthers in game five of the 2023 Stanley Cup Final at T-Mobile Arena. Mandatory Credit: Stephen R. Sylvanie-Imagn Images | Stephen R. Sylvanie-Imagn Images

It seems that everything that Bill Foley touches turns to "gold." Just look at the Vegas Golden Knights, who have three Stanley Cup Final appearances, a Stanley Cup, and a postseason appearance in every season except for one (2021-22).

However, it appears that he's not done yet. The Golden Knights owner is also looking at another major sports league to establish himself in. This time? It's the NBA, which has expressed deep interest in having an NBA team in Sin City.

Foley has retained Morgan Stanley & Co LLC as his exclusive financial advisor. The goal? Structure an ownership platform that will bring in an NBA team. That platform will be built around Foley's current Southern Nevada sports holdings group, which consists of... the Golden Knights.

Foley also owns AFC Bournemouth, which is thriving in the Premier League. The soccer (or football, as it's known across the pond) club finished with 57 points and ended up sixth in the league. That was good enough for the Europa League group stage, establishing themselves as an emerging club in the Premier League.

If there are any major takeaways from this development, it's this. The Golden Knights have seen plenty of success from "Day F*****g One" with Foley at the helm. The aforementioned accolades should inspire confidence that a Las Vegas-based NBA team owned by him will follow suit. Of course, that might also come with various conspiracy theories about Foley being in bed with Adam Silver. But who listens to people on the fringe?

Anyways, bank on the NBA team to be a massive hit if Foley gets the bid. Golden Knights fans know how hard he works to ensure the team has a winning culture. That should translate over into success on the hardwood if Foley gets the bid, which will put him above the competition.

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