NBA, FIBA draw strong interest for proposed European league

LOS ANGELES, April 1 : The NBA and basketball governing body FIBA have received strong interest from prospective teams and investors seeking permanent franchise spots in a proposed new European league, NBA Deputy Commissioner and Chief Operating Officer Mark Tatum said on Wednesday.

"The level of engagement and the scale of the bids reflect the marketplace's belief in our proposed model and the enormous, untapped potential for European basketball," Tatum said in a statement.

"We will now review the bids in more detail and shortlist the partners who share our vision and commitment to accelerating the growth of the game across the continent."

NBA governors again expressed overwhelming support for the proposed league at the Board of Governors meeting on March 24-25, sources told Reuters. More than 120 prospective investors, including existing teams, outside investment groups and high-net-worth individuals, have shown serious interest in the venture.

The NBA has received multiple bids in the $500 million to $1 billion range, including several above $1 billion, the sources said. There is competition from a range of investors across each of the league's 12 target cities.

Those cities include London, Manchester, Paris, Lyon, Rome, Milan, Barcelona, Madrid, Berlin, Munich, Athens and Istanbul.

In recent weeks, the NBA has held talks with more than a dozen existing basketball teams and received bids from multiple clubs, including current EuroLeague teams, sources said.

The NBA and FIBA plan to take a phased approach, prioritising the most serious bids that align with their long-term vision, the sources said. The NBA would then engage with its Board of Governors to select partners, while FIBA would follow its own process.

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