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A few hours ago
New international competition proposed
From The Age
New $5b league planned for Asia, Europe
Sport
A group of investors are looking to create a new basketball league that will span Asia and Europe to one day rival the NBA, bringing Saudi Arabia's sovereign wealth fund and Swiss bank UBS on board as strategic partners.
The Financial Times reported that the $5 billion basketball competition plans to create six men's teams and six women's teams that will compete in eight host cities.
Macau and Singapore are set to be hosts while organisers are also looking to rope in European cities.
The league hopes to lure top players from around the world, especially Europe, and give them an alternative to the
NBA.
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