Overview

• Adam Silver called a 2027 launch ambitious, reiterated a two-to-three-year window, and said he would not want the start pushed past 2028.
• JPMorgan Chase and Raine Group have been retained to advise on financing and strategy for the prospective league.
• Planning remains fluid, with the structure expected to feature around 16 clubs but no final decisions on participants.
• Silver said games could begin in existing arenas before moving to upgraded venues, noting current gaps in capacity and premium amenities across Europe.
• He stressed competitive balance as a priority and acknowledged a separate Maverick Carter–LeBron James project, adding that competition keeps stakeholders focused.