"Oaktree's expression of interest follows that of RedBird, a brand that is an asset in the eyes of the NBA. In this regard, the relationship between NBA commissioner Adam Silver and Gerry Cardinale is well known."
"Cardinale, in the absence of an agreement with Olimpia, would need another existing club to participate in Serie A. The RedBird CEO is known for his increasingly close ties with Luis Scola, CEO and majority shareholder of Pallacanestro Varese."
"Olimpia Milano, tied to the Euroleague until 2036, did not submit a bid at yesterday's deadline as was expected. Furthermore - and this is an important fact - no Euroleague team has submitted an expression of interest for this new league, unlike what seemed to be the case months ago."
AC Milan and Inter are vying for a franchise in the NBA Europe league, with Oaktree, owners of Inter, expressing interest. This rivalry extends to RedBird, owners of Milan. Oaktree's interest is independent of the Inter brand and focuses on their sports portfolio. They are considering partnerships with existing franchises and have engaged in discussions with Olimpia. RedBird's interest is also notable, as they seek a club for Serie A participation. No Euroleague teams submitted bids, marking a shift from earlier expectations.
Read at SempreMilan
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