EuroLeague shareholders reject NBA’s proposal for collaboration: Sources
The EuroLeague’s shareholders rejected an NBA proposal to merge Europe’s top basketball competition into Adam Silver’s plans for a new overseas league, three sources briefed on the rejection told The Athletic.
Silver, the NBA commissioner, has been working to build an NBA Europe and hopes to launch it in some form this time next year. He and his chief deputies maintain the project would move forward with or without formal cooperation from the EuroLeague, and at least six EuroLeague clubs are considering joining Silver’s NBA Europe.
But at a meeting of those EuroLeague shareholding owners and other league executives Tuesday in Cernobbio, Italy, the NBA’s terms for a merger were roundly rejected, said those sources, who spoke on condition of anonymity to speak freely about a private meeting.
One source told The Athletic the rejection was “expected,” while another said there remains “a willingness to negotiate,” but the EuroLeague owners “didn’t like the terms.”
“A few clubs are anti-NBA Europe, but a bulk of the clubs (just) didn’t like the proposal,” one European team executive said. Without a merger with EuroLeague, according to a source from a likely NBA Europe franchise, an October 2027 launch for Silver’s new league would be “impossible.”
The EuroLeague is considering separate plans to expand from 13 licensed clubs to 21, from a 20-team competition to 24 teams, and to transform those license holders into “franchises”. On Tuesday, according to a news release, those shareholders agreed to adopt a franchise-business model and would continue to work toward expansion.