Those sources indicated many of the undisclosed bids …

[ASFN Admin]

The bidding for NBA Europe franchises ended on Tuesday, with sources saying a few of the various offers are from current EuroLeague teams, former Bucks owner Marc Lasry and existing soccer clubs hoping to launch first-time basketball franchises. Those sources indicated many of the undisclosed bids exceeded the NBA’s preferred range of $500M to $1B and that ownership groups from Athens, Barcelona, Berlin, Istanbul, London, Lyon, Madrid, Manchester, Milan, Munich, Paris and Rome all are in the running.

Sports Business Journal

This article originally appeared on Hoops Hype: Those sources indicated many of the undisclosed bids …

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