🏈 Las Vegas Aces — Key Facts
| Owner | Mark Davis |
| League | WNBA (Women’s National Basketball Association) |
| Mark Davis Also Owns | Las Vegas Raiders (NFL) |
| Acquired From | MGM Resorts International (sold Aces for $2.5M in 2021) |
| WNBA Championships | 2 (2022, 2023) — back-to-back champions |
| Head Coach | Becky Hammon (hired 2022) |
| Home Arena | Michelob ULTRA Arena, Las Vegas, Nevada |
The Las Vegas Aces are owned by Mark Davis, who also owns the Las Vegas Raiders NFL franchise. Davis acquired the Aces from MGM Resorts International in September 2021 for approximately $2.5 million — a transaction that proved remarkably prescient: the team went on to win back-to-back WNBA championships in 2022 and 2023.
Who Is the Owner of the Las Vegas Aces?
The Las Vegas Aces are owned by Mark Davis, son of legendary Oakland Raiders owner Al Davis, who inherited the Raiders franchise after his father’s death in 2011. When Mark Davis purchased the Aces from MGM Resorts in 2021, he became a trailblazer — the first NFL owner to also own a WNBA team. MGM had owned the Aces (then the San Antonio Stars) since acquiring the team in 2018. The $2.5 million purchase price reflected the valuation of WNBA franchises at the time — a figure that looks extraordinarily undervalued given the subsequent championship success and surging WNBA valuations.
The Aces’ Rise to Dominance
Under Davis’s ownership and with coach Becky Hammon at the helm (hired in November 2021), the Aces transformed into the WNBA’s dominant franchise. The team features stars including A’ja Wilson (two-time WNBA MVP), Kelsey Plum, Chelsea Gray, and Candace Parker (2022–2023). The Aces won the WNBA Championship in 2022 (defeating Connecticut Sun) and defended the title in 2023 (defeating New York Liberty), making them the first team to win back-to-back WNBA titles since the Los Angeles Sparks in 2001–2002. A’ja Wilson’s excellence has been central to the team’s dynasty.
WNBA Valuation Surge and Women’s Sports Investment
The Las Vegas Aces’ success has coincided with a dramatic increase in WNBA franchise valuations driven by rising media rights interest, the Caitlin Clark effect (which drove record attendance and viewership in 2024), and growing investor appetite for women’s sports properties. WNBA franchise values that hovered around $2–10 million in 2021 have escalated dramatically, with new expansion teams reportedly fetching $50–75 million. Mark Davis’s $2.5 million investment in 2021 looks increasingly prescient from a financial perspective alongside its on-court success.
