NBA Europe takes shape as financial projections are shared

One week after the London meeting, the NBA is pushing forward with its NBA Europe project, preparing to share financial projections with some of the world’s leading investment groups. According to the Financial Times, the process involves granting access to data rooms and financial plans related to the future competition.

Among the groups reportedly given access to the documents are Blackstone, CVC, RedBird and General Atlantic, alongside BlackRock, BC Partners and Oaktree. Investors are currently assessing the possibility of providing financial backing to the franchises of the new European league.

Commissioner Adam Silver emphasized that in Europe the NBA is open to types of investors not permitted in the United States, due to different regulations and traditions. The Financial Times also reports that more than 300 expressions of interest have already been submitted, with non-binding bids expected by the end of March and franchise valuations estimated between $500 million and $1 billion. The project could also involve major clubs such as Real Madrid, Barcelona, Bayern Munich, Fenerbahçe and Panathinaikos.