Further details about the takeover, including the financial terms, are now scarce, but Davis said in a statement that he "will have more to say" when the purchase is approved by the league's board of governors and he has met the team's players, coaches and administrators. Las Vegas is touted for their young core, headlined by WNBA MVP A'ja Wilson as well as Sixth Woman of the Year Dearica Hamby.
"We can confirm we have entered into an agreement to sell the Las Vegas Aces to Mark Davis and are awaiting approval from the WNBA Board of Governors", said MGM Resorts President George Kliavkoff. It isn't clear how much the entrepreneur is prepared to lay out, but he has been a long-time supporter of the Aces.
Davis relocated the Raiders from Oakland to Las Vegas ahead of the new season, having spent 25 years in California.
MGM Resorts had owned the franchise since 2017, shortly before the team's relocation from San Antonio.
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Davis announced Thursday he has "entered into an agreement" to buy the Las Vegas Aces from MGM Resorts International.
Davis is also a fan of the city's other professional sports franchise, the NHL's Vegas Golden Knights, who play at T-Mobile Arena on Las Vegas Boulevard. The Raiders purchased 1,600 tickets to Aces games in 2019 to distribute to kids.
Davis will take over the Women's National Basketball Association (WNBA) outfit from MGM Resorts International, pending approval from the WNBA Board of Governors.
The Raiders got approval from the National Football League to move to Las Vegas in 2017 after attempts to build a new stadium in Oakland were unsuccessful and they were blocked in their attempt to move to Los Angeles.
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