By Eurohoops team/ info@eurohoops.net
The Spanish domestic league became the new shareholder of the Basketball Champions League, as the competition announced today.
Per the press release: On Tuesday 11 December, a new landmark moment in the Basketball Champions League history has been officialized, with the inclusion of the Spanish basketball league, the Asociación de Clubs de Baloncesto (ACB), among the Basketball Champions League shareholders.
At the occasion of the second Basketball Champions League Ordinary Assembly, Spain has joined the 10 other European domestic leagues and the Union of European Basketball Leagues (ULEB) as part of the Basketball Champions League, an innovative 50-50 joint partnership between FIBA and European basketball leagues created in March 2016.
This decision highlights the development of the Basketball Champions League as a truly European club competition, with 30 countries participating in the various stages of the competition. It also reflects the Basketball Champions League main objectives to bring coherence, transparency and unity to European club competitions, and to protect and promote the domestic leagues.
“We are very pleased to join, as a shareholder, a growing competition such as the Basketball Champions League, together with 10 other European leagues and the ULEB,” said Antonio Martín, President of the ACB. “Liga Endesa teams have had a great performance and a very important role in all three seasons of the Basketball Champions League”, he added.
“We are delighted to welcome the ACB among our shareholders. As a true basketball country, Spain is a significant addition for us, in line with the Basketball Champions League values, such as inclusiveness and European representation. Together with the 10 other signatory leagues and ULEB, the Spanish league will help us grow and develop our competition even further,” said Patrick Comninos, CEO of the Basketball Champions League.