FIBA and European Leagues to Create Joint Venture to Manage Basketball Champions League

The International Basketball Federation (FIBA) and domestic leagues will set up a joint venture to manage the Basketball Champions League.

It will be legally established in Mies, remedy Switzerland on 2 March and the company will be equally owned by FIBA and European leagues with equal shares ownership (50% by FIBA and 50% by the leagues).

Full story HERE.