EuroLeague Rejects NBA’s Initial Offer to Collaborate
Owners feel the proposal undervalued EuroLeague, sources tell FOS.
The NBA's initial proposal to collaborate with EuroLeague has been rejected, according to sources familiar with the matter. The proposal was rejected by a supermajority of EuroLeague's shareholder clubs during a meeting in Cernobbio, Italy. The rejected offer was described by EuroLeague owners as "colonialist," with the league not wanting to pause its planned expansion.
The NBA's offer did not value EuroLeague at the $3 billion it is seeking, and it required EuroLeague to halt its expansion plans. The NBA is still pursuing its European initiatives, with plans to launch as early as next year.
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