{"id":841657,"date":"2026-08-03T10:45:11","date_gmt":"2026-08-03T10:45:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/841657\/"},"modified":"2026-08-03T10:45:11","modified_gmt":"2026-08-03T10:45:11","slug":"tech-billionaire-pushing-to-own-nba-europe-team-in-london","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/841657\/","title":{"rendered":"Tech billionaire pushing to own NBA Europe team in London"},"content":{"rendered":"

Palo Alto Networks CEO Nikesh Arora is in talks to own a London team as part of the NBA Europe project, as he has already assembled a compelling group of investors prepared to offer more than $1 billion (\u00a3 740 million) to win a franchise bid.<\/p>\n

Indian-American technology billionaire Nikesh Arora is exploring a deal to possibly acquire the upcoming London team in the NBA Europe project, per<\/a> Amelie Claydon and Leon Imber of The Athletic.<\/p>\n

Arora has assembled a powerful consortium of investors prepared to offer a massive $1 billion (\u00a3740 million) for the franchise.<\/p>\n

London is considered one of the highest-prized markets of the league’s planned expansion in Europe.<\/p>\n

Nikesh Arora pursuing NBA Europe team in London <\/p>\n

Nikesh Arora is the current CEO of Palo Alto Networks, a cybersecurity firm based in New York.<\/p>\n

Last year, he notably led Cricket Investor Holdings Limited, also known as \u201cTech Titans,\u201d in acquiring a 49% stake in the London Spirit cricket franchise for \u00a3145 million.<\/p>\n

Previously, NBA Commissioner Adam Silver announced that he is pleased with the progress of the league’s expansion plans<\/a> in Europe. The Association’s leadership is poised to review bids from several groups interested in owning a franchise.<\/p>\n

The official target date for the launch of NBA Europe is October 2027, tipping off the inaugural 2027-28 season.<\/p>\n

The proposed new league will feature 16 total teams, mainly composed of 12 permanent franchises in major European hubs and 4 annual qualifying spots earned through domestic play.<\/p>\n

<\/p>\n

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