Hapoel Tel Aviv Misses Out on Early EuroLeague Licenses
Translated & summarized from Walla by baba
Hapoel Tel Aviv is not among the first four clubs expected to receive long-term EuroLeague licenses, with Valencia, Paris, Dubai, and PAOK Thessaloniki reportedly set to be granted these spots. The four clubs will collectively pay around 300 million euros, with an official announcement anticipated in early November. While this is a setback for Hapoel Tel Aviv, the club remains a strong candidate for future licenses, alongside Crvena Zvezda Belgrade. The EuroLeague aims to raise approximately 1.2 billion euros from these new licenses.
The story in 6 lines · by baba
- Valencia, Paris, Dubai, and PAOK Thessaloniki are expected to receive the first EuroLeague licenses.
- Hapoel Tel Aviv is reportedly excluded from the initial group of clubs receiving long-term licenses.
- The four selected clubs will pay a combined total of approximately 300 million euros.
- An official announcement regarding the licenses is expected as early as November.
- Hapoel Tel Aviv remains a strong candidate for subsequent license rounds.
- The EuroLeague aims to generate about 1.2 billion euros from new club licenses.
Hapoel Tel Aviv is reportedly set to be excluded from the first group of four clubs to receive long-term, permanent licenses for the EuroLeague basketball competition. According to Spanish outlet Encestando, Valencia, Paris, Dubai, and PAOK Thessaloniki are expected to be the initial recipients, with an official announcement possibly coming in early November. These four clubs are projected to collectively pay around 300 million euros for their licenses. Valencia and Paris are each expected to pay approximately 50 million euros, Dubai around 70 million euros, and PAOK Thessaloniki a substantial 130 million euros. Payments can be made in installments, with the first due in December after final approval.
The EuroLeague aims to generate approximately 1.2 billion euros from granting licenses to additional clubs. This news represents a disappointment for Hapoel Tel Aviv, owned by Ofer Yanai, which has been actively pursuing a long-term license to secure its place in the competition. Previously, in late August, the team was among 11 candidates vying for eight new licenses. However, the current report suggests these four clubs will be prioritized.
Despite this setback, Hapoel Tel Aviv remains a strong contender and, along with Crvena Zvezda Belgrade, is considered a leading candidate for the next round of licenses. Crvena Zvezda, already holding a three-year license, seeks a longer commitment. Partizan Belgrade and Virtus Bologna are also in advanced discussions, though their financial situations might pose challenges. Other clubs that applied include Napoli, two new Rome-based clubs, London Lions, Aris Thessaloniki, and Hapoel Jerusalem. Hapoel Jerusalem, associated with Matan Adelson, reportedly did not pass the initial screening and is not among the leading candidates for the upcoming license phase.
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