The National Bquestionetball Association (NBA) has received offers of more than US$1 billion for the right to play in its planned European competition, NBA Europe.
Sources close to the process stated there had been several offers in the range of US$500 million to US$1 billion, with some exceeding US$1 billion.
They come from around 120 investors, including existing teams and those currently playing in the privately organised EuroLeague.
The NBA Europe, set up by the NBA and world governing body Fiba, is to tip off in 2027 with 16 teams, 12 of which are to be permanent franchises, with four more qualifying via results.
It was not clear for which locations the offers were but the NBA wants to be present in famous European cities such as London, Paris or Rome.
German candidates are stated to be Alba Berlin and Bayern Munich.
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