Source brief originally prepared September 30, 2026. This is a dated record of the linked announcements.
Foley Entertainment Group announced on June 23, 2026 that Bill Foley was pursuing an NBA franchise for Las Vegas. The group said Morgan Stanley would serve as its exclusive financial adviser.
Its release described a proposed ownership platform around Foley’s Southern Nevada sports holdings and venue rights at T-Mobile Arena. It also outlined a planned practice and player-health campus.
Those details describe the group’s stated intentions, rather than a league approval. The announcement does not establish that Foley has won a franchise or that any proposed facility has been approved.
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