EuroLeague Owners Vote on Long-Term Licenses for Clubs
Translated & summarized from Ynet by baba
EuroLeague shareholders are meeting to decide on long-term licenses for up to eight of 13 candidate clubs, including Israeli teams Hapoel Tel Aviv and Hapoel Jerusalem. Maccabi Tel Aviv owner Shimon Mizrahi is involved in the vote, with bids totaling over 900 million euros. The meeting also addresses returning games to Israel and a potential expansion to 24 teams by 2027/28.
The story in 5 lines · by baba
- EuroLeague shareholders are voting on long-term licenses for 13 candidate clubs.
- Up to eight clubs may receive licenses, including Hapoel Tel Aviv and Hapoel Jerusalem.
- Maccabi Tel Aviv owner Shimon Mizrahi is participating in the crucial vote.
- Club bids for licenses collectively exceed 900 million euros.
- Discussions include returning games to Israel and potential league expansion to 24 teams.
A crucial EuroLeague meeting is underway where shareholders are expected to vote on long-term licenses for participating clubs. Up to eight of the 13 candidate teams may receive licenses, though fewer could be approved initially with further decisions deferred. Shimon Mizrahi, an owner of Maccabi Tel Aviv, is participating in the vote. Among the clubs applying for licenses are Israel's Hapoel Tel Aviv and Hapoel Jerusalem, alongside international teams like Partizan Belgrade, Crvena Zvezda, Valencia, Virtus Bologna, Paris, Dubai, and London Lions. The collective bids submitted by all candidates are estimated to exceed 900 million euros, with each club's offer remaining confidential.
Discussions are also addressing the potential return of EuroLeague games to Israel. Mizrahi spoke with EuroLeague CEO and Competition Manager the Competition Manager about bringing home games for the three Israeli clubs participating in EuroLeague competitions back to Israel. The CEO of EuroLeague and the Competition Manager are scheduled to visit Israel next week.
Another significant topic on the agenda is the potential expansion of the EuroLeague to 24 teams starting from the 2027/28 season, a move that could substantially alter the league's structure.
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