NBA Set to Vote on Groundbreaking European League: Potential for Historic Franchises and Urban Teams

This week, NBA owners are set to cast their votes on a proposal to establish a professional league in Europe during a league meeting in New York, as reported by Politico.

According to the article, the envisioned league is expected to feature 8 to 10 teams. The proposal includes four slots reserved for leading EuroLeague franchises, with Real Madrid and Olympiacos reportedly set to “join the NBA’s league in the subsequent year,” as mentioned by Politico.

The report also indicates that teams based in cities like London (London Lions) and Paris (Paris Basketball) may be available for purchase by potential investors “for a minimum of $500 million.” The NBA aims to attract investments from outside the league for the clubs that will fill the new league’s slots, including current EuroLeague teams. The ownership structure will be divided, with 50 percent of the equity held by the NBA and the remaining half owned by the clubs.

The NBA has been exploring the possibility of entering the European market by establishing a league on the continent for some time. The concept is to create a championship that incorporates both prestigious European franchises and representatives from major cities such as London and Paris.