The NBA is pursuing ownership groups for a potential basketball league in Europe [CNBC]
JP Morgan Chase & Co. (JPM)
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Sign up today for the new CNBC Sport Newsletter Key Points Bankers from JPMorgan and the Raine Group have met with more than 70 potential investors, with plans to solicit nonbinding bids as early as next month, according to people familiar with the matter. The league believes European basketball is undervalued and sees long-term opportunities for cross-competition with NBA teams, including exhibition games and potential Cup-style events. NBA Commissioner Adam Silver speaks during a news conference following a meeting of the NBA's board of governors at the Thomas & Mack Center on Tuesday, July 15, 2025, in Las Vegas. (Chase Stevens/Las Vegas Review-Journal/Tribune News Service via Getty Images) Chase Stevens | Las Vegas Review-journal | Getty Images The NBA is looking to Europe for its next stage of growth. The league announced on Monday that it will move forward with a joint exploration of a new professional men's league in Europe, in partnership with the International
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