EuroLeague Basketball is seeking investment totalling at least UK£100 million (US$131.25 million) over a minimum five-year period as part of its ambitions to launch a London-based franchise, as reported by SportsPro.
The team wouldn’t have any correlation to the UK basketball league and would only play in the Euroleague, for which it would invest £20M per season. Last appearance in the competition by a London team dates back to 2001.
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