New competition reportedly draws major interest from more than 120 prospective investors.
League hires investment bank to advise on new teams but says no final decision has been made,
Coca-Cola brand to return as a league sponsor after an 11-year absence, replacing PepsiCo drink Starry.
Both teams expected to cost between US$7bn and US$10bn each and could begin play in 2028.
Plans to launch centralised service are being accelerated as Main Street nears bankruptcy.
RSN operator has issued notices to employees warning of company’s expected demise at end of NBA and NHL regular seasons.