Current Ownership Structure
The Vegas Knights are owned by Black Knight Sports & Entertainment, a consortium led by Bill Foley. The group acquired the National Hockey League expansion franchise in 2016 for an estimated 500 million dollars, with the team beginning play in the 2017-18 season. The ownership entity is registered in Nevada and operates the team alongside the T-Mobile Arena lease and related business operations Forbes.
Bill Foley serves as the controlling owner and chairman, while his family office, Foley Interests, manages the broader investment portfolio tied to the franchise. The ownership group includes a mix of private equity partners, real estate investors, and sports executives, though the exact equity split among limited partners is not publicly disclosed SEC EDGAR filings.
Key Figures and Leadership
Bill Foley, a retired Navy SEAL and founder of Black Knight Financial Services, is the principal owner. He previously led the purchase of the NBA's Phoenix Suns and WNBA's Phoenix Mercury, consolidating a multi-sport portfolio under the Black Knight Sports & Entertainment umbrella. The franchise operates from Las Vegas, with its business and hockey operations headquartered near the Strip.
Executive and Management Team
The Knights' front office is led by general manager Kelly McCrimmon, who reports to ownership through the Black Knight executive structure. The team's business operations, sponsorship sales, and arena management are handled in coordination with the Las Vegas Arena Company, which oversees the T-Mobile Arena operations and related revenue streams.
Franchise Value and Financial Standing
Forbes estimated the Vegas Knights franchise value at 925 million dollars in 2024, ranking the team among the more valuable NHL franchises. Revenue streams include ticket sales, arena events, local broadcasting, and national media rights distributed through the NHL's collective bargaining agreement. The team's on-ice performance and playoff appearances have driven consistent increases in local sponsorship and merchandise revenue.
Ownership Comparisons and League Context
Within the NHL, the Knights' ownership model mirrors other modern expansion teams, with a primary investor group pooling capital for the franchise fee and arena infrastructure. Comparable ownership groups in leagues such as the NBA and NFL have used similar structures to fund stadium projects and secure regional media deals, a pattern reflected in the Knights' business operations Forbes NHL valuations.