NBA, FIBA See Strong Bids for New European League

LOS ANGELES - The NBA and global basketball authority FIBA report robust investor demand for participation in a proposed European league.

Deputy Commissioner Mark Tatum confirmed that bids, some exceeding $1 billion, signal confidence in the venture’s potential.

“We will now review the bids in more detail and shortlist the partners who share our vision,” Tatum said.

Over 120 investors, including existing NBA teams and high-net-worth individuals, are vying for slots across 12 European cities.

Target markets include London, Paris, Madrid, Berlin, and Istanbul, among others.

Sources indicate the NBA is prioritizing bids aligned with its long-term growth strategy. Final decisions and league structure will be announced incrementally.

Talks continue with EuroLeague officials, though only successful bidders will earn permanent entry into the new league.