NBA Europe bids fall short of $500m mark for some city franchises

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NBA Europe bids fall short of $500m mark for some city franchises

Some of the 12 permanent franchises in the NBA’s planned European basketball league have not yet attracted bids in excess of $500m, the mooted base price for teams. The latest round of bidding from seasoned sport owners, institutional investors and existing football and basketball clubs closed on Monday, with the most sought-after locations – believed [...]