The Las Vegas Jacks, a group competing to acquire the …

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The Las Vegas Jacks, a group competing to acquire the prospective NBA expansion franchise, announced that it has already secured $8 billion in financial commitments to land the team. The group’s leadership includes Jerry Colangelo, the former owner of the NBA’s Phoenix Suns, David Levy, founder of Horizon Sports & Experiences and Scott Colangelo, the managing partner of Prime Capital Financial. US Bank and its subsidiary BTIG LLC, along with merchant bank Global Leisure Partners, will serve as the group’s financial partners.

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This article originally appeared on Hoops Hype: The Las Vegas Jacks, a group competing to acquire the …

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