NBA Europe franchise bids coming in at at least $500 million

[ASFN Admin]

The latest bids for NBA Europe franchises were due Monday, and they came in at $500 million or higher in each of the 12 target cities, with multiple bids of more than $1 billion. Bids were made by more than 20 existing basketball and soccer clubs, including current EuroLeague teams, according to someone familiar with the details.

Sportico

This article originally appeared on Hoops Hype: NBA Europe franchise bids coming in at at least $500 million

Continue reading...