Las Vegas Raiders owner Mark Davis has entered an agreement to purchase the WNBA team, the Las Vegas Aces.
Davis said that he entered the agreement with MGM Resorts International, Thursday.
“I am excited to announce that I have entered into an agreement to purchase the Las Vegas franchise in the WNBA from MGM Resorts International,” Davis said in a statement distributed from the Aces. “I will have more to say once I receive official approval from the WNBA Board of Governors and have had a chance to speak with the players, coaches and administrators.”
George Kliavkoff, president of entertainment and sports at MGM Resorts International, also confirmed the agreement in a statement.
“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,” Kliavkoffsaid said. “Mark is a longtime champion of women’s basketball and we believe he is the right person to lead the Aces into a new era. We will continue our enthusiastic support of the WNBA, NBA and basketball in Las Vegas.”
The Aces franchise began originally as the Utah Starzz during the WNBA’s inaugural season in 1997 and went through a series of name changes before being purchased and given its current name by MGM International Sports in 2017.
The Aces are currently one of the best teams in the league with an accomplished roster of players, including 2020 MVP A’ja Wilson. The team made it to the 2020 WNBA Finals but lost to the Seattle Storm in the best-of-five series.
Davis has been a prominent fan of the Aces since it came to Vegas, and has often attended many of their games in the past.
The deal is still pending approval from the WNBA Board of Governors.