The NBA did not officially release figures, but …
The period for gauging interest from potential investors, who submitted letters of interest rather than formal offers, ended on April 1st. The NBA's assessment at the time was extremely positive. “We have received significant interest from various teams and potential investors in acquiring permanent franchise slots in a new European league backed by the NBA and FIBA. The level of participation and the size of the offers reflect the market's confidence in our proposed model and the enormous untapped potential of European basketball,” said Mark Tatum, assistant to Commissioner Adam Silver. The NBA did not officially release figures, but sources well-connected to the American league spoke of more than 120 interested investors, including about 20 existing soccer and basketball teams (including some from the EuroLeague), as well as investment groups and individual millionaires. According to these sources, the NBA received several offers between $500 million and $1 billion, and even one exceeding $1 billion.
This article originally appeared on Hoops Hype: The NBA did not officially release figures, but …
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