FIBA President names the club negotiating to join NBA Europe

President of FIBA ​​Europe Jorge Garbajosa He talked about the NBA Europe project and the clubs ready to participate in this project.

“2027 will be the year when NBA Europe will be operational,” Garbajosa said.

He confirmed the interest of Real Madrid, whose participation had already been accepted, according to media reports.

“We know Real Madrid is interested, the NBA is in direct talks with the club at the highest level.”

Garbajosa emphasized that the aim of the project is to transform the current system in which clubs suffer huge losses. According to him, the NBA wants to cooperate because it sees great growth potential.

For the President of FIBA ​​Europe, the current EuroLeague model means “an irreversible loss for the clubs of an average of 20, 25 or 30 million per year.” When asked if the teams would make money, Garbajosa insisted it was a “good business opportunity” because he said it was “investing in a product with a forecast and business plan that requires profitability.”

Real Madrid are not the only club to express interest in participating. Garbajosa confirmed that “several” teams had reached an agreement following a “crazy” schedule of meetings with investment funds, companies and other clubs in Berlin and London. “The impression is that the process is already underway,” he repeated, describing the project as a “huge boost” for basketball across the continent.

Previously, Barcelona announced whether it would continue to play in the Euroleague.