EuroLeague shareholders approve move toward permanent franchises
4 Articles
4 Articles
At the General Assembly of the competition held on Tuesday in Chernoby, the owners of the 13 A-license clubs decided to continue with the expansion project. In addition to the expansion to new markets, the plan to transfer existing teams to a system modeled on closed franchises was approved. These clubs tasked the Board of Directors with making a final recommendation by the end of this month. The current shareholders who form the backbone of the…
The shareholders clubs of the Euroleague Commercial Assets (ECA) have agreed this Tuesday to start the process to transform their current ten-year licenses into permanent franchises. In addition, they will continue with the expansion plan of the tournament after analyzing the binding offers received by several professional clubs, at a strategic meeting held in Cernobbio, Italy, to set the course of European basketball in the long term, as Europe…
The 13 shareholders agreed to proceed with the conversion of the ten-year licenses
EuroLeague shareholders approve move toward permanent franchises
EuroLeague’s 13 shareholder clubs have agreed to proceed with converting their existing 10-year licenses into franchises. The decision was made during the Euroleague Commercial Assets shareholders meeting in Cernobbio, Italy, on October 6, where club owners discussed the long-term structure of the competition. The 13 clubs involved in the franchise conversion are Anadolu Efes Istanbul, […]
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