{"id":30747,"date":"2025-07-29T01:53:07","date_gmt":"2025-07-29T01:53:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/30747\/"},"modified":"2025-07-29T01:53:07","modified_gmt":"2025-07-29T01:53:07","slug":"nba-meets-about-european-league-with-pe-sovereign-wealth-funds","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/30747\/","title":{"rendered":"NBA Meets About European League With PE, Sovereign Wealth Funds"},"content":{"rendered":"<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\t<a href=\"https:\/\/www.sportico.com\/t\/nba\/\" id=\"auto-tag_nba_1\" data-tag=\"nba\" rel=\"nofollow noopener\" target=\"_blank\">NBA<\/a> commissioner <a href=\"https:\/\/www.sportico.com\/t\/adam-silver\/\" id=\"auto-tag_adam-silver_1\" data-tag=\"adam-silver\" rel=\"nofollow noopener\" target=\"_blank\">Adam Silver<\/a> and deputy commissioner Mark Tatum are in Europe this week holding multiple meetings with potential stakeholders of the NBA\u2019s <a rel=\"noreferrer noopener nofollow\" target=\"_blank\" href=\"https:\/\/www.sportico.com\/leagues\/basketball\/2025\/nba-europe-league-fiba-format-1234845139\/\">planned European basketball league,<\/a> according to a person familiar with the details.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tThe talks include <a href=\"https:\/\/www.sportico.com\/t\/private-equity\/\" id=\"auto-tag_private-equity_1\" data-tag=\"private-equity\" rel=\"nofollow noopener\" target=\"_blank\">private equity<\/a> firms, investment banks, sovereign wealth funds, government officials and basketball clubs on the continent, said the person, who was granted anonymity because the agenda is private. London is among the places where Silver and Tatum are speaking with interested groups, the source said. The city is also a possible site for a team in the new league, which will be backed by the NBA and FIBA.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tThe NBA declined to comment. FIBA did not respond to a request for comment.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tIn a March press conference held alongside FIBA secretary general Andreas Zagklis, Silver confirmed \u201cexploratory\u201d talks between owners regarding a new European league. Silver said the format would include roughly 12 permanent franchises and four rotating wild-card spots based on performance in other competitions.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tDuring the same March media session, Zagklis said if EuroLeague teams were offered places in the new league, they wouldn\u2019t necessarily need to abandon their existing competitions to participate. They could play a compatible schedule involving multiple major leagues. EuroLeague also uses a mixed format with some fixed participants and some rotating clubs.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tThe new league involving the NBA will use FIBA rather than NBA rules.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tNBA owners would likely share in joint ownership of the league but not directly own individual franchises, Sportico <a href=\"https:\/\/www.sportico.com\/leagues\/basketball\/2025\/nba-european-league-plans-vote-1234844674\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">previously reported<\/a>. As a result, possible new franchises could present an attractive investment opportunity for private equity and sovereign wealth funds looking to gain financial pull in global basketball that is not easily available in the United States.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tIn the NBA, private equity funds are limited to 20% ownership in any team. It is not yet clear what, if any, restrictions the European league would impose.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tThe European competition is still \u201cat least a couple years away from launching\u201d if it comes together, Silver told reporters during the 2025 NBA Finals.<\/p>\n","protected":false},"excerpt":{"rendered":"NBA commissioner Adam Silver and deputy commissioner Mark Tatum are in Europe this week holding multiple meetings with&hellip;\n","protected":false},"author":2,"featured_media":30748,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[434],"tags":[23867,49,48,459,5671,82],"class_list":["post-30747","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nba","tag-adam-silver","tag-ca","tag-canada","tag-nba","tag-private-equity","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/30747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=30747"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/30747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/30748"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=30747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=30747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=30747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}