Las Vegas Knights Ownership Structure
The Las Vegas Knights are owned by Black Knight Sports & Entertainment, a private holding group controlled by businessman Bill Foley. Foley serves as the controlling owner and chairman of the franchise, with the group managing the team, the T-Mobile Arena operating agreement, and related development projects Forbes. The ownership entity includes a consortium of high-net-worth investors and institutional capital partners that back the team and arena operations.
The franchise was awarded an NHL expansion team in 2016, with the ownership group paying a reported 500 million dollar expansion fee. Black Knight Sports & Entertainment structured the deal to include minority stakes that bring in additional capital while keeping Bill Foley at the helm of strategic decisions for the Knights.
Bill Foley and the Ownership Group
Bill Foley is the founder and managing partner of Black Knight Sports & Entertainment. He is a private equity investor with a background in finance and real estate development. Foley previously owned the NBA team Orlando Magic before shifting his focus to the Las Vegas market, where he built the Knights as the city's flagship NHL franchise ESPN.
The ownership group includes several prominent business figures, though the exact share breakdown is not publicly disclosed. Foley retains majority voting control, allowing the group to make fast decisions on player acquisitions, arena upgrades, and community investment programs tied to the team.
Knights Business Operations and Arena Control
The Knights operate out of T-Mobile Arena in Las Vegas, a venue that is managed under a long-term agreement with the ownership group. The team generates revenue from ticket sales, broadcasting rights, merchandise, and arena events, with the NHL revenue sharing model shaping how profits flow between the franchise and the league.
Black Knight Sports & Entertainment also oversees development projects around the arena district, leveraging the Knights brand to attract hospitality and real estate investment. The franchise has quickly become one of the most valuable NHL teams, reflecting strong Las Vegas market demand and the ownership group's business strategy Forbes.