The Euroleague teams have ignored the NBA's offer and decided to convert them into franchises
The NBA's proposal to organise a joint competition in Europe has not yet been taken into consideration, but it is not ruled out that a future agreement can be concluded.
Euroleague authorities, including Josean Querejeta, in Cernobbio, near Lake Como, Italy.
Most Euroleague teams, including Kosner Baskonia, have met on Tuesday atLake Como, Italy, and have for the time being rejected the NBA's offer to jointly host a new competition in Europe, EFE has learned from sources close to the negotiation.
This has been agreed by the representatives of the clubs holdingtheEuropean competition (Anadolu Efes Istanbul, Kosner Baskonia, CSKA Moscow, Armani Olympia Milan, FC Barcelona, FC Bayern Munich, Fenerbahçe, LDLC ASVEL Villeurbanne, Makabi Tel Aviv, Olympiakos, Panathinaikos, Real Madrid and Zalgiris Kaunas).
Club owners have appointed the Board of Directors to continue the process and to present the final recommendation to be adopted in the coming weeks.
Various sources familiar with the situation have explained to EFE that has not considered theNBA's proposal to organise a joint competition in Europe, but they do not rule out a future agreement.
Thus, after the first bid in the NBA and the refusal of the owners of the Euroleague, the US league is expected to make a counter-offer in order to continue the negotiation.
One of the issues discussed at the board, related to the future of the tournament and the interest of the American league in participating in this project, is the conversion of ten-year licenses into franchises and the transition from the current 13 members to 24 with the addition of new franchises.
The NBA offer is based on an agreement with the 13 clubs that own the main European basketball competition, rather than the 24 that would emerge as a result of the expansion of the Euroleague and the subsequent transformation into a franchise.
In this regard, the shareholder clubs of the Euroleague Commercial Assets (ECA) agreed on Tuesday to start the process of converting ten-year licenses into permanent franchises and to move forward with the project of expanding the tournament, after analysing the offers received by various professional clubs,at a strategic meetingheld in Cernobbio .
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