NBA Europe attracts $1 billion bids, over 120 Investors show serious interest

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The bids for NBA Europe are in, and commissioner Adam Silver’s office is encouraged by both the level of interest and the money attached to the new league. A Tuesday deadline for non-binding proposals passed at midnight ET, and two sources familiar with the submissions said multiple bidders proposed investments of at least $1 billion. Several others met or exceeded the league’s expected $500 million entry range. The sources said there was “serious” interest from more than 120 prospective investors.

New York Times

This article originally appeared on Hoops Hype: NBA Europe attracts $1 billion bids, over 120 Investors show serious interest

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