The Japan Times - Silver reveals PSG talks over NBA Europe plan

EUR -
AED 4.183283
AFN 75.742408
ALL 93.803284
AMD 419.016542
ANG 2.039253
AOA 1044.539491
ARS 1689.271309
AUD 1.645456
AWG 2.050635
AZN 1.930469
BAM 1.956828
BBD 2.304511
BDT 141.044128
BGN 1.956385
BHD 0.431412
BIF 3415.144971
BMD 1.139084
BND 1.478012
BOB 7.886826
BRL 5.865485
BSD 1.144201
BTN 109.344508
BWP 15.506741
BYN 3.263429
BYR 22326.039774
BZD 2.300998
CAD 1.610128
CDF 2572.050763
CHF 0.926992
CLF 0.026945
CLP 1060.486835
CNY 7.723272
CNH 7.730368
COP 3688.022563
CRC 521.189933
CUC 1.139084
CUP 30.185717
CVE 110.322013
CZK 24.300699
DJF 203.747082
DKK 7.476119
DOP 67.297437
DZD 151.859194
EGP 57.225628
ERN 17.086255
ETB 183.9132
FJD 2.545507
FKP 0.850508
GBP 0.852834
GEL 2.990113
GGP 0.850508
GHS 13.157973
GIP 0.850508
GMD 83.152713
GNF 10034.877543
GTQ 8.733513
GYD 239.341587
HKD 8.928542
HNL 30.618224
HRK 7.534987
HTG 149.733437
HUF 359.568278
IDR 20612.857947
ILS 3.444646
IMP 0.850508
INR 109.269846
IQD 1498.900928
IRR 1566240.035465
ISK 143.216558
JEP 0.850508
JMD 181.870795
JOD 0.80764
JPY 184.944473
KES 147.179518
KGS 99.613357
KHR 4627.269438
KMF 493.223511
KPW 1025.175373
KRW 1696.59107
KWD 0.352797
KYD 0.95351
KZT 541.607027
LAK 25801.333756
LBP 101969.574389
LKR 384.35369
LRD 207.667319
LSL 18.703466
LTL 3.363418
LVL 0.68902
LYD 7.342859
MAD 10.645195
MDL 20.080377
MGA 4866.514945
MKD 61.631952
MMK 2391.564286
MNT 4082.944411
MOP 9.237836
MRU 45.583357
MUR 53.832988
MVR 17.610903
MWK 1978.018511
MXN 19.951033
MYR 4.646207
MZN 72.798985
NAD 18.703712
NGN 1577.35756
NIO 41.758794
NOK 11.129656
NPR 174.946802
NZD 1.96816
OMR 0.438003
PAB 1.144191
PEN 3.900218
PGK 4.987079
PHP 70.264943
PKR 317.988932
PLN 4.33382
PYG 6947.651439
QAR 4.171856
RON 5.234656
RSD 117.376872
RUB 87.310395
RWF 1685.841619
SAR 4.284622
SBD 9.179352
SCR 15.533845
SDG 684.021416
SEK 11.060417
SGD 1.474065
SHP 0.850441
SLE 27.736277
SLL 23886.023217
SOS 650.985192
SRD 42.903013
STD 23576.732002
STN 24.51213
SVC 10.011349
SYP 125.905307
SZL 18.707668
THB 38.165383
TJS 10.583469
TMT 3.998184
TND 3.384849
TOP 2.74264
TRY 53.576689
TTD 7.780123
TWD 36.623249
TZS 3001.483143
UAH 51.172045
UGX 4222.144877
USD 1.139084
UYU 46.034396
UZS 13830.268699
VES 823.664579
VND 29895.82025
VUV 136.669806
WST 3.144899
XAF 656.284635
XAG 0.019775
XAU 0.000284
XCD 3.078431
XCG 2.062093
XDR 0.816222
XOF 652.129036
XPF 119.331742
YER 270.075503
ZAR 18.771848
ZMK 10253.122585
ZMW 20.565816
ZWL 366.784474
  • RBGPF

    0.0000

    67.35

    0%

  • CMSD

    -0.0500

    22.33

    -0.22%

  • RYCEF

    -0.5900

    18.87

    -3.13%

  • NGG

    0.6900

    83.28

    +0.83%

  • CMSC

    -0.0200

    22.065

    -0.09%

  • GSK

    -0.4900

    52.29

    -0.94%

  • BCC

    -1.3400

    74.72

    -1.79%

  • RIO

    -0.6900

    89.85

    -0.77%

  • BCE

    0.0700

    21.45

    +0.33%

  • AZN

    -2.1400

    169.47

    -1.26%

  • JRI

    0.0300

    13.04

    +0.23%

  • BTI

    -1.0700

    58.95

    -1.82%

  • RELX

    0.9800

    33.42

    +2.93%

  • BP

    1.6300

    40.83

    +3.99%

  • VOD

    0.7500

    15.47

    +4.85%

Silver reveals PSG talks over NBA Europe plan
Silver reveals PSG talks over NBA Europe plan / Photo: Ethan Miller - GETTY IMAGES NORTH AMERICA/AFP

Silver reveals PSG talks over NBA Europe plan

NBA Commissioner Adam Silver said on Saturday his organisation have spoken to French football giants Paris Saint-Germain about joining a proposed European basketball league.

Text size:

Champions League holders PSG are the latest football powerhouse to express interest in the NBA Europe proposal.

The NBA last year announced their plan to launch a European league in 2027 in partnership with world basketball governing body FIBA.

Silver has been meeting potential investors in the league during a trip to London and Berlin this week.

He confirmed talks with Real Madrid ahead of the NBA's Berlin Game between the Orlando Magic and Memphis Grizzlies on Thursday.

And speaking in London, he said French champions PSG, who have no ties to basketball at present, are also interested in the league.

"They are certainly one of the clubs we have had conversations with. We have enormous respect for their operating capabilities," Silver told a group of reporters at a London hotel.

"They are obviously operating at a premier level of competition. We know that they have the know-how to operate a basketball club at the highest level, should that be of interest to them.

"The direct answer is yes. They are an organisation we have had discussions with."

The proposed 16-team league would feature 10 to 12 permanent teams from across Europe, with the remainder made up of sides taking part on a rotational basis.

No clubs have been announced, but the Silver said the league is likely to be made up of "existing European teams and new teams" while targeting both existing and emerging basketball markets.

France is one of Europe's basketball hot-beds, with several players, including San Antonio Spurs star Victor Wembanyama, having moved to the NBA from the country.

- 'A market we want to be in' -

NBA Chief Operating Officer Mark Tatum believes PSG's global brand and marketing success makes them an ideal potential investor in the league.

"Paris is a market we absolutely want to be in. One of the things that is very intriguing about PSG is their ability to build brand, culture and community," Tatum said.

"As Adam said, we want to identify the right partners, and there is no doubt PSG brings a level of expertise in terms of marketing, promotion, building a global brand, that is very interesting."

However, Paris already has a basketball team that was founded in 2018 and competes in the EuroLeague that stands as a competitor to the NBA's new scheme.

Reports have emerged of the EuroLeague threatening legal action against the NBA should clubs break existing agreements to take part in the fledgling competition.

"I would say Paris is one of the most interesting, fascinating prospects when we are thinking about this league," NBA Europe and Middle East Managing Director George Aivazoglou said.

"They bring very interesting things to the table. From obviously PSG, which is a global brand. To a team like Paris Basketball, which didn't exist a few years ago.

"They galvanised a part of Paris with a well performing team. There is a lot to look at."

PSG are owned by Qatar Sports Investments, a subsidiary of Qatar's sovereign wealth fund.

The NBA currently only allows sovereign wealth funds to own 20 percent of any of the league's 30 teams.

But Silver said the NBA Europe plan could start progress towards easing that restriction.

"We can see with PSG there has been success with sovereign wealth funds that own teams," he said. "It may be that over time there are practises that we learn from in Europe that will then move into the United States.

"It means looking at this opportunity from scratch here in Europe. We are open to different kinds of investors, as principal investors, that aren't currently allowed in the NBA."

M.Sugiyama--JT