Community Of Madrid Expecting To Spend $1.6M Hosting 2015 Euroleague Final Four
The Community of Madrid will spend €1.2M ($1.6M) organizing the 2015 Euroleague Final Four, according to the EFE. The event "could have an economic impact" of more than €50M ($68M). Madrid Community Government spokesperson Salvador Victoria said that Madrid's "celebration of the 2015 'Final Four', combined with the FIBA World Cup taking place in September, will help Madrid become basketball's 'world capital' over the next year." The Euroleague Final Four games will take place from May 15-17 at the Community of Madrid Sports Palace, marking the third time Madrid has hosted the tournament's final phase (EFE, 6/26).