"A quarter of a century ago, many of Europe's top basketball clubs were dissatisfied with how the then-EuroLeague was being operated and marketed. That version of the EuroLeague was operated by FIBA, basketball's global governing body and the clubs were seeking more control over revenue, schedules, and media rights. In 2000, a group of clubs established the current EuroLeague under the umbrella of the Union of European Leagues of Basketball (ULEB). The goal was a professional"
"Now operated by the private company Euroleague Basketball, 13 of the 20 clubs are permanent members remaining in the competition regardless of their success or lack thereof in their domestic leagues. Another spot is filled by the winner of the previous season's EuroCup, which is organized by the ULEB. Euroleague Basketball fills the remaining openings by issuing "wildcards," inviting clubs into the competition for a limited period of time."
"The permanent members (A-license holders), including clubs like Real Madrid, Panathinaikos, Fenerbahce, CSKA Moscow, and Bayern Munich, all have a stake in the ownership of the league giving them considerable influence over its economic and organizational direction. Bayern Munich (green jerseys) are one of the permanent members of the EuroLeagueImage: Ulrich Gamel/kolbert-press/picture alliance However, CSKA Moscow has been suspended from play since Russia launched it's full-scale invasion of Ukraine in February 2022."
A group of clubs formed the current EuroLeague in 2000 under the ULEB after dissatisfaction with the FIBA-run competition, aiming for a professional, commercially successful club tournament similar to the Champions League. Euroleague Basketball now operates the league. Thirteen of the 20 teams are permanent A-license members that remain regardless of domestic results. One place goes to the previous season's EuroCup winner while remaining slots are filled by issued wildcards. Permanent clubs hold ownership stakes and influence economic and organizational direction. CSKA Moscow has been suspended since February 2022. Dubai Basketball received a five-year wildcard and has a modern 17,000-capacity arena.
Read at www.dw.com
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