Key Takeaways
– The NBA is exploring a new basketball league in Europe in partnership with FIBA.
– The competition could feature 8-10 franchises, including up to four EuroLeague teams.
– New teams in cities like London and Paris could be valued at $500 million.
– NBA owners are reviewing the proposal but no formal vote is scheduled yet.
– The NBA sees untapped commercial potential in European basketball.
– If approved, the league could attract investment from sovereign wealth funds, private capital, and existing clubs.
What is the Proposal?
The NBA is reviewing a plan to establish a European basketball league. According to a report by Sportico, this league would consist of 8-10 teams, some of which could come from the existing EuroLeague, Europe’s top club competition.
New franchises could also be launched in major European cities like London and Paris, with projected valuations reaching $500 million.
Who is Involved?
– NBA: Spearheading the exploration of this new league.
– FIBA: The world governing body for basketball, which would be a key partner in the project.
– EuroLeague Clubs: Some top teams may join the new league.
– Investors: The NBA is reportedly considering selling franchise slots to private investors, including sovereign wealth funds and European basketball clubs.
How is This Different from the EuroLeague?
– Franchise Model: Unlike the EuroLeague’s invitation-based system, the NBA’s proposed league may feature permanent franchises.
– NBA Backing: A league with NBA involvement could bring stronger commercial opportunities and financial stability.
– Global Expansion: This would mark a significant step in the NBA’s international growth strategy.
Why is the NBA Interested in Europe?
NBA Deputy Commissioner Mark Tatum highlighted Europe as an “untapped opportunity.” Despite basketball’s popularity in the region, it holds less than a 1% share of the commercial market. The NBA believes a better business model could help grow the sport and generate more revenue.
What Happens Next?
– The NBA Board of Governors is reviewing the proposal this week, but no vote is scheduled.
– Team owners can vote on the plan at any time in the future.
– If approved, the league structure, team selection, and investment process will become clearer.
FAQs
Q: Will this replace the EuroLeague?
A: Not necessarily. It could run alongside or even integrate some EuroLeague teams.
Q: When will the league start?
A: No timeline has been set yet. It depends on approval and logistics.
Q: Could NBA teams play in this league?
A: Unlikely. This is expected to be a separate European competition.