"Commissioner Adam Silver, representing Milan, has been in conversation for some time with Gerry Cardinale, founder of the RedBird Capital fund that owns Milan. Inter, through Oaktree, have the dossier on the table and is equally interested in the nascent business. It's decidedly too early to know how it will end, especially since Olimpia Milano and the Armani company, which has every intention of continuing to play basketball even after the passing of King Giorgio, will play a key role in the game."
"Tatum clarified that the idea is to begin 'in two years, obviously if the FIBA board and the NBA owners' board approve the project'. His most significant quotes: "The initial plan is to have permanent teams in 10-12 cities, primarily in the United Kingdom, Spain, Italy, France, and Germany. Perhaps in Turkey and Greece. We're envisioning a mix of existing teams, new teams, and soccer teams that also want to invest in basketball.""
An NBA Europe league is scheduled to begin fall 2027, pending approval from the FIBA board and NBA owners. The plan targets 10–12 permanent teams in the United Kingdom, Spain, Italy, France, Germany, and possibly Turkey and Greece, with a mix of existing clubs, new franchises, and soccer clubs investing in basketball. Milan and Inter are both pursuing involvement in a Milan franchise, with RedBird Capital (Gerry Cardinale) and Oaktree representing respective interests. The NBA also aims to place a team in Rome. Olimpia Milano and the Armani company remain key stakeholders in Italian basketball.
Read at SempreMilan
Unable to calculate read time
Collection
[
|
...
]