Then, there is the matter of cost. Neither the banks, nor the NBA and its partner FIBA, have disclosed to potential teams for the new league what it will cost to join. But the buy-in is expected to be substantial – which is partially why Middle Eastern sovereign wealth funds and European soccer conglomerates are desired partners. Neither Schweitzer nor Baldi would disclose potential investors for Alba, but two European basketball sources described the interest in pumping Berlin’s pro club with an infusion of capital is “substantial,” and one said “investors are lining up outside the door.” While Alba Berlin is not for sale, those sources said, the club is seeking, and would welcome, new partners to meet the costs of joining the NBA’s European league.
This article originally appeared on Hoops Hype: Neither Schweitzer nor Baldi would disclose potential …
