Distribution of shares and number of franchises. New details of the NBA project have been announced

NBA It plans to create a new European league of clubs valued at up to $1 billion, offering investors flexible entry conditions for several years.

The league will also retain a 50% stake, which it will share with FIBA ​​and team owners, Bloomberg journalists Giles Turner and Jake Radnicki reported.

In the coming days, the NBA will open the data room of the future league to potential investors, where financial forecasts and other important information will be presented.

NBA Commissioner Adam Silver will attend two regular season games featuring the Memphis Grizzlies and Orlando Magic in London and Berlin later this week.

The NBA Europe project includes the participation of 12 teams, and according to the championship or Champions League results, four more teams will qualify to participate in the competition without having a share in the league.

The NBA plans to hold a special conference in London in mid-January to meet with potential sponsors, media partners and investors. In addition, existing NBA club owners are already showing interest in purchasing shares in European teams.

Investors will not need to make a significant investment immediately; It is considering a phased entry into the league over a few years. However, funding options for future teams are currently being discussed and final decisions have not yet been made.