Overview
- Investor interest, which closed Tuesday after the nonbinding bid deadline, included more than 120 proposals with several offers at or above $1 billion.
- The NBA and FIBA have started vetting and shortlisting with advisers JPMorgan and the Raine Group, with license holders expected to be named on a rolling basis after Board of Governors input.
- The proposed competition would feature 14 to 16 teams anchored by 12 permanent licenses in target cities such as London, Paris, Madrid, Rome, Berlin, Munich, Athens, Istanbul, Milan, Barcelona, Lyon, and Manchester.
- Submissions were filed under nondisclosure agreements as declarations of interest, and multiple existing EuroLeague clubs joined sovereign funds and private investors in the process.
- Talks with the EuroLeague have restarted under new CEO Chus Bueno, and the NBA is still targeting an October 2027 launch that depends on partner selection, governance terms, and resolution of legal issues.