Sasquatch backs the Sonics. Photo: by Steph Chambers/Getty Images
Seattle's push to land a new NBA team is drawing some early investor interest, though not quite as much as Las Vegas.
State of play: The league is seeing outreach from multiple groups for potential expansion teams in both cities since the NBA's Board of Governors voted last month to explore potentially adding teams, Bloomberg reports.
The franchises are expected to fetch $7 billion to $10 billion, per Bloomberg.
Zoom in: In Seattle, the most visible potential bidder is Kraken owner Samantha Holloway.
Last month, Holloway formed One Roof Sports & Entertainment and increased her ownership stake in Climate Pledge Arena to consolidate control and position her group for a potential NBA expansion bid, according to KOMO News.
"We are ready to work with the Commissioner and the league, at their direction, to explore bringing the NBA back to Seattle," a One Roof spokesperson said in a statement to Bloomberg.
A separate group is also reported to be preparing an independent bid for the Seattle expansion team, per KOMO.
Catch up quick: Seattle has been without an NBA team since 2008, when a group led by Starbucks CEO Howard Schultz sold the SuperSonics to Oklahoma City investors.
What's next: NBA owners are expected to vote later this year on whether to formally approve adding one or two expansion teams.
