A billion in expansion fees and it costs another billion (minimum) to build an arena. Besides Atlanta, who's doing that?
I think Ishbia who just shelled out $4 billion for the Suns could be the saviour in Phoenix. He expressed interest, and then you heard nothing, except positive feedback from Daly, that's usually a good sign talks are ongoing.
Atlanta, somebody will pony up. It's crazy to think that the Thrashers sold for $110 million in 2011, and the franchise value now is 10X higher. I get new TV contracts, gambling revenues, and such, but it's a phenomenon of sports franchises, I think, more than anything, becoming the symbol of elite wealth.
With both markets though, the arena is the question. Sounds like Ishbia wants a newer arena than American West, or whatever it is now, and Atlanta hasn't broken ground, and probably won't until they are awarded a franchise with a timeline on the arena, like Seattle. So it's a process...