Overview
- Meeting at FIBA headquarters in Mies, Switzerland, the three sides on Tuesday issued a joint statement calling the talks constructive and saying they will keep negotiating.
- NBA deputy commissioner Mark Tatum said they are narrowing a shortlist of potential ownership groups, with play targeted to begin in October 2027.
- Interest has been heavy, with more than 120 prospective investors and multiple offers reported in the $500 million to $1 billion range, including several above $1 billion.
- The NBA and FIBA effort focuses on 12 target cities that include London, Paris, Madrid, Barcelona, Milan, Rome, Berlin, Munich, Athens, Istanbul, and Manchester and Lyon.
- Eurohoops reported the NBA is not seeking to acquire EuroLeague, while EuroLeague’s recent €3.2 billion valuation and signals from clubs like Fenerbahce and ASVEL to stay bolster its leverage in talks.