Euroleague Issues Response Rebuffing FIBA's Proposed New Competition

Euroleague Basketball responded to FIBA after the body "recently approached" eight of its clubs about starting a "new competition," according to AS. Euroleague said in a letter to FIBA President Horacio Muratore, "Thanks for the letter that some of us received last week. The 11 A License Clubs, which met on Wednesday, have decided to send this letter in response. Please, consider it an official response, as well as our common initial position regarding FIBA's proposed New Competition. ... 15 years after the creation of Euroleague we note that clubs remain the base and foundation of all basketball activity worldwide. We are convinced that clubs must maintain the ownership and control of the competition, and are not willing to renounce this as it has been the key for the growth of European club competitions over this period. We take this opportunity to request and notify you that any further discussions regarding European club competitions are to be made with us collectively" (AS, 7/8).