[Akers] Walmart heiress Nancy Walton Laurie and her husband Bill are contemplating bidding on a Las Vegas NBA expansion franchise, a person with knowledge of the situation confirmed… Monday was the last day for ownership groups to detail their sources of financing and management plans to the NBA
Walmart heiress Nancy Walton Laurie and her husband Bill Laurie are contemplating bidding on a Las Vegas NBA expansion franchise, a person with knowledge of the situation confirmed to the Review-Journal.
The couple’s interest in a bid was reported by Sportico. They live in Henderson and have an estimated net worth of $17.8 billion, according to Forbes.
They once owned the NHL’s St. Louis Blues, but sold the team in 2006 for $150 million.
When Walmart co-founder Bud Walton died in 1995, his daughters, Walton Laurie and Ann Walton Kroenke, split their father’s stock in the retail giant. Walton Kroenke is married to Stan Kroenke, who leads the ownership group with a portfolio that includes the Los Angeles Rams, Denver Nuggets, Colorado Avalanche, and Colorado Rapids, among others.
Monday was the last day for ownership groups to detail their sources of financing and management plans to the NBA and PFT Partners, the investment bank the league hired in March to lead its expansion exploration of Las Vegas and Seattle, according to Sportico.
Nancy Walton Laurie and Bill Laurie are the latest big-name entrants to the Las Vegas NBA expansion process.