NBA News NBA News, Match Reports and Updates
A key deadline has come and gone for the NBA’s venture into Europe, and the league office is buoyed with the result, all of which signals building momentum for the proposed upstart league.
The NBA had set a midnight deadline of Wednesday, April 1 for prospective investors to submit non-binding bids for consideration into the league’s proposed NBA Europe expansion. According to a person with direct knowledge of the matter, north of 120 investment groups expressed interest in teams for the proposed league, with multiple bids even surpassing $1 billion. The league had set a loose threshold for entry at around $500 million; according to the person, many of the bid proposals fell within that $500 million to $1 billion range.
Advertisement
The proposed bids essentially act similarly to licensing fees that represent a buy-in into the league.
The non-binding bids came from wealthy individuals, investment firms and even existing teams in the EuroLeague, which is the legacy league that NBA Europe would be looking to compete against, if not replace altogether.
The person spoke under the condition of anonymity because they were not authorized to comment publicly on the matter.
1 / 8
Dribble into this collection of dunk photos as NBA stars posterize opponents
Oct. 26: The Dallas Mavericks’ Cooper Flagg dunks the ball past the Toronto Raptors’ Sandro Mamukelashvili at the American Airlines Center.
1 / 8
Dribble into this collection of dunk photos as NBA stars posterize opponents
Oct. 26: The Dallas Mavericks’ Cooper Flagg dunks the ball past the Toronto Raptors’ Sandro Mamukelashvili at the American Airlines Center.
2 / 8
Dribble into this collection of dunk photos as NBA stars posterize opponents
Oct. 26: The Washington Wizards’ Cam Whitmore dunks the ball against the Charlotte Hornets at Capital One Arena.
3 / 8
Dribble into this collection of dunk photos as NBA stars posterize opponents
Oct. 26: The Brooklyn Nets’ Michael Porter Jr. dunks in front of the San Antonio Spurs’ Victor Wembanyama at Frost Bank Center.
4 / 8
Dribble into this collection of dunk photos as NBA stars posterize opponents
Oct. 25: The Denver Nuggets’ Christian…
Source link : https://sports.yahoo.com/articles/nba-europe-draws-massive-interest-190549712.html
Author :
Publish date : 2026-04-01 19:05:00
Copyright for syndicated content belongs to the linked Source.
