In the verge of the FIBA-GCBH deal that gave birth to FIBA ClubCo, that will enhance the development of the BCL thanks to financial investment and media expertise coming from the US, AEK Athens Owner Makis Aggelopoulos commented:
“A kind of revolution begins. In my opinion It’s the beginning to give an end for the schism that has been in basketball for many years. This agreement is a Very positive development. The thing that makes it different is that it is a partial privatization of the Basketball Champions League, because sponsors have taken a big chunk out of this equity. I don’t think there ever happened again for a global federation to allowed individuals to participate in equity. ”
About Investors: “I know some of the investors. Is a great team, related to sports in the US. There are people who invest millions, know the market, they know the opportunities, and seeing that there is a great deal of distribution in 37 countries, they think they can invest. They believe a lot in European basketball. ”
For the benefits: “If we look at it in depth for two years, they can double the revenue. The investors will obviously look at the benefits of investing and be able to bring in other investors to enhance the organization. The Basketball Champions League is the largest event in Europe and respects the principles of national championships. This will also strengthen the national championships».
On Euroleague: “I don’t know if there will be an approach, but the teams, considering the prospects of the events, will choose the one that gives them the most benefits. There is a successful model in football, with competitions linked together. In this sense there are two events and maybe a third in basketball. It is important to align the interests in a common bank so that it is also clear to investors who want to get into basketball.”
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