Neither the NBA nor its owners will take distributions …
While the NBA and FIBA would at first own 52% of NBA Europe, the participating teams would eventually have a majority equity stake following expansion in future years. Differentiating it from other European leagues, NBA Europe’s permanent franchises cannot face relegation, a rule designed for long-term stability. Neither the NBA nor its owners will take distributions during NBA Europe’s ramp-up period, which is expected to take years, according to sources. Simultaneously, at launch and going forward, NBA Europe teams will receive undisclosed but significant participation payments.
This article originally appeared on Hoops Hype: Neither the NBA nor its owners will take distributions …
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