Floyd Mayweather seems to be doubling down on his goal to own an NBA team.
The Initial Reveal
As AfroTech previously told you, the boxer briefly dropped the news of his pursuit back in June 2022 at the M Resort Spa Casino.
“I’ve been talking to certain individuals for the last six months,” Mayweather said at the time. “That’s something I’ve been working on behind the scenes, but I’ve never came out and publicly talked about that with the media.”
Getting The Ball Rolling
“I’ve been working on buying an NBA team outright,” Mayweather admitted at the podcast’s Market Monday Series at Madison Square Garden. “One of my other business partners, Brent Johnson, he’s here. We’ve been working on the NBA team for a while now. It’s rough.”
Floyd Mayweather's Offer
Then, Mayweather shared how much he has coughed up.
“The first offer, we offered them a little bit over $2 billion for majority ownership. Do I have it? Absolutely, I have it,” he said during the conversation.
“But, it didn’t happen overnight. It’s a lot when you have so many different businesses all around the world,” he continued.
NBC Sports reports that Mayweather claimed his net worth was over $1.2 billion in 2021.
Although he claims he has the funds, the outlet states that “with the price of NBA franchises today, he likely needs to bring in other investors as $2 billion will be on the low end of a sale price.”
While league expansion in Las Vegas and Seattle isn’t expected for years to come, the outlet details that the NBA’s Phoenix Suns are the only team publicly known to be for sale, as of this writing. The potential sales price? Reportedly well over $2 billion.
Additionally, the Portland Trail Blazers could also possibly land on Mayweather’s radar as the team is looking to be up for sale in the near future.
Nonetheless, Mayweather’s drive for ownership is evidently on overload.