The development leaves just two bidders in play for the team: the Nancy Walton Laurie-Bill Laurie-Egon Durban conglomerate and the Bill Foley-Jerry Colangelo group. Sources close to one of the groups believe the NBA wants a bid closer to $11B –- plus about a $2B commitment to build a new arena — and industry insiders told SBJ that the liquidity behind the Walton-Laurie-Durban bid makes them the front-runner.
The development leaves just two bidders in play for the team: the Nancy Walton Laurie-Bill Laurie-Egon Durban conglomerate and the Bill Foley-Jerry Colangelo group. Sources close to one of the groups believe the NBA wants a bid closer to $11B –- plus about a $2B commitment to build a new arena — and industry insiders told SBJ that the liquidity behind the Walton-Laurie-Durban bid makes them the front-runner.
This article originally appeared on Hoops Hype: The development leaves just two bidders in play for …
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