NBA Europe moves forward with 2028 launch after EuroLeague rejects merger offer

The NBA has delayed NBA Europe's launch to 2028 and reaffirmed its commitment to the venture after EuroLeague clubs rejected its investment offer this week.

• The NBA plans to invest about $10bn over 10 years in the 16-team league, comprising 12 permanent franchises and four qualifying members.
• Bids for the London franchise exceeded $1bn from Todd Boehly, a consortium including Daniel Levy and MSP Sports Capital, and Saudi Arabia's Public Investment Fund.
• EuroLeague clubs voted at Lake Como this week to reject the NBA's offer, pursuing instead expansion from 20 to 24 teams.
• The NBA and FIBA issued a joint statement committing to proceed, and Barcelona said it would consider an amended offer.