Valencia Basket, Paris Basketball, Dubai Basketball and PAOK Thessaloniki are reportedly set to become the first four clubs approved as new EuroLeague franchises. According to Encestando, the announcement could come in early November, with the four clubs paying around \u20ac300 million in total entry fees.<\/p>\n\n\n\n
Valencia and Paris would reportedly pay around \u20ac50 million each, Dubai \u20ac70 million and PAOK as much as \u20ac130 million. The fees could be paid in installments, with the first payment expected in December following final approval. The move would be part of EuroLeague\u2019s long-term plan to generate around \u20ac1.2 billion from incoming franchises.<\/p>\n\n\n\n
Partizan and Virtus Bologna are also said to have advanced talks, although their financial situations could delay admission. Crvena Zvezda and Hapoel Tel Aviv remain among the leading candidates for a later wave, while Napoli, the two newly created Rome clubs, London Lions, Hapoel Jerusalem and Aris have also reportedly submitted bids.<\/p>\n","protected":false},"excerpt":{"rendered":"
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