The National Basketball Association (NBA) is actively progressing its ambitious plans to establish a new top-tier European basketball league. Deputy Commissioner Mark Tatum has confirmed that the NBA is engaged in continuous discussions with various potential stakeholders and investment banks. Beyond the initial engagement with The Raine Group, the league has brought in additional financial advisors to meticulously prepare for the sale of equity stakes in prospective European franchises, underscoring the serious financial commitment to this venture.

A significant milestone in this development was a recent series of meetings held at FIBA's Geneva office. These crucial discussions involved NBA officials, EuroLeague representatives, and, notably, delegates from all 13 permanent EuroLeague teams. Mark Tatum highlighted the historical importance of these gatherings, stating that it was