Re: European and global league possibilities
Posted: Thu Nov 27, 2025 7:36 pm
Just looked up Real Madrid. Owned by 100,000 people. Just announced proposal to split the organization and take on a minority owner for first time, subject to a team vote. Set at 5% "of the business", with option to buy back at any time, Current members board to retain total control of football.
5% of a $6 billion valuation is $300 million.
Is this going to be approved and work as desired?
Are they going to raise / spend $500 million- $1 billion to join NBA Europe? Or use it on football? Or hold as assets? Or distribute? All of it appears to be not enough. No mention I see of basketball in the announcement.
Barca also club owned and considered worth $6 billion but $1.5 billion in debt with just a $2 million operating profit reported this season. Owes $150 million in back payments on past transfer and a similar amount of current payments? After several really bad losses and a partial sale of their next 25 years of media revenue to private equity to stay afloat? And made several other future assets sales. The full description of their financial situation is dizzying and quite worrisome. Spending about $1.5 billion on a stadium and not done yet.
Manchester United almost 900 million pounds in debt. Losses of over 300 million in 3 years? Owner pulled more than 1 billion out of the business?
NBA Europe franchise fee seems unlikely even for these "richest". Maybe that is why they say nothing to the curent proposal?
I had expected that only a few Euroleague teams at most would meet the conditions to join but now lean toward none. New teams / new owners everywhere? Or... new plan or no plan?
If the whole project fails, is that the impetus to finally get expansion? That isn't the plan... is it? But maybe the result?
A couple of weeks ago, the NBA officials said to expect significant development in December. A couple of days ago, they said 60 days.
5% of a $6 billion valuation is $300 million.
Is this going to be approved and work as desired?
Are they going to raise / spend $500 million- $1 billion to join NBA Europe? Or use it on football? Or hold as assets? Or distribute? All of it appears to be not enough. No mention I see of basketball in the announcement.
Barca also club owned and considered worth $6 billion but $1.5 billion in debt with just a $2 million operating profit reported this season. Owes $150 million in back payments on past transfer and a similar amount of current payments? After several really bad losses and a partial sale of their next 25 years of media revenue to private equity to stay afloat? And made several other future assets sales. The full description of their financial situation is dizzying and quite worrisome. Spending about $1.5 billion on a stadium and not done yet.
Manchester United almost 900 million pounds in debt. Losses of over 300 million in 3 years? Owner pulled more than 1 billion out of the business?
NBA Europe franchise fee seems unlikely even for these "richest". Maybe that is why they say nothing to the curent proposal?
I had expected that only a few Euroleague teams at most would meet the conditions to join but now lean toward none. New teams / new owners everywhere? Or... new plan or no plan?
If the whole project fails, is that the impetus to finally get expansion? That isn't the plan... is it? But maybe the result?
A couple of weeks ago, the NBA officials said to expect significant development in December. A couple of days ago, they said 60 days.