Owner of the National Football League (NFL) franchise Las Vegas Raiders, Mark Davis, has confirmed that he is on the verge of purchasing the Las Vegas Aces.
Davis will take over the Women’s National Basketball Association (WNBA) outfit from MGM Resorts International, pending approval from the WNBA Board of Governors.
George Kliavkoff, President of Entertainment and Sports at MGM Resorts International, said: “We can confirm we have entered into an agreement to sell the Las Vegas Aces to Mark Davis and are awaiting approval from the WNBA Board of Governors.
“Mark is a longtime champion of women’s basketball and we believe he is the right person to lead the Aces into a new era. We will continue our enthusiastic support of the WNBA, NBA and basketball in Las Vegas.”
Davis relocated the Raiders from Oakland to Las Vegas ahead of the new season, having spent 25 years in California. The $1.9 billion Allegiant Stadium, situated just off the Vegas strip, opened its doors in July last year.
“I am excited to announce that I have entered into an agreement to purchase the Las Vegas franchise in the WNBA for MGM Resorts International,” Davis’ statement read.
“I will have more to say once I receive official approval from the WNBA Board of Governors and have had a chance to speak with the players, coaches and administrators of the team.”
The Aces, which moved from San Antonio to Las Vegas in 2017, broke WNBA records last season, reaching the WNBA finals before being beaten by Seattle Storm.