EuroLeague Plans Massive Payouts and Expansion to 28 Teams
Translated & summarized from Mako by baba
The EuroLeague announced plans to distribute €3.4 billion to 21 member clubs over the next decade and expand to 28 teams by 2031. The league aims to improve club financial stability and anticipates annual profits of €650 million. Maccabi Tel Aviv is set to earn €200 million, while Hapoel Tel Aviv and Hapoel Jerusalem could each receive €100 million if granted permanent status.
The story in 5 lines · by baba
- EuroLeague will distribute €3.4 billion to 21 clubs over the next decade.
- The league plans to expand to 24 teams next season and 28 by 2031.
- Maccabi Tel Aviv is projected to earn €200 million in the next ten years.
- Hapoel Tel Aviv and Hapoel Jerusalem could each earn €100 million.
- The expansion aims to ensure all clubs become financially self-sustaining.
The EuroLeague announced significant future plans, including distributing approximately €3.4 billion to its 21 permanent member clubs over the next decade. The league anticipates annual profits of €650 million and a valuation of €13 billion. This financial injection is expected to stem from league expansion and infrastructure upgrades, such as renovating existing arenas and building new ones.
The league intends to expand in two phases. The first expansion will increase the number of teams to 24 starting next season. A second expansion is planned for 2031, bringing the total to 28 teams.
These changes aim to improve the financial stability of participating clubs, with projections that all teams will be self-sustaining in the future, compared to the current situation where only about 40% are considered stable. This addresses concerns highlighted by the financial struggles of teams like Monaco.
For Israeli basketball, these developments mean substantial financial benefits. Maccabi Tel Aviv, already a senior member, is projected to earn around €200 million over the next decade. Hapoel Tel Aviv and Hapoel Jerusalem, if granted permanent status, could each receive approximately €100 million over the same period. However, if these two clubs do not secure licenses for the upcoming season, they will have to wait for the 2031 expansion window.
