7 EL clubs met privately, concerned with financial affairs managed by Bertomeu & EL

[Joško Poljak Fan]

What is going on with Khimki?

Unicaja so far seemed as one of the more loyal teams to Bertomeu and the euroleague idea. If they are considering this, than it's obvious others will at least think about it as well.
Olimpija will not consider it, though.

[Joško Poljak Fan]

What is going on with Khimki?

Unicaja so far seemed as one of the more loyal teams to Bertomeu and the euroleague idea. If they are considering this, than it's obvious others will at least think about it as well.
Olimpija will not consider it, though.

[Jazz]

What is going on with Khimki?

Unicaja so far seemed as one of the more loyal teams to Bertomeu and the euroleague idea. If they are considering this, than it's obvious others will at least think about it as well.
Olimpija will not consider it, though.

Khimki are supposedly withdrawing from the VTB League next season.

https://www.eurohoops.net/en/vtb/1206309/khimki-might-exit-the-vtb-united-league/

[Basket_]

So, last months for Bertomeu.

https://www.eurohoops.net/en/euroleague/1265579/euroleague-clubs-shareholders-voted-to-dismiss-jordi-bertomeu-from-the-ceo-position/

[ronmercer80]

So, last months for Bertomeu.
https://www.eurohoops.net/en/eurolea...-ceo-position/

Spanish and Turkish teams tried to save him till the end, fortunately without success.

Let's hope that the season will be concluded without strange decisions. I don't like and I don't trust this man.

Apart from that it's time to find a new brand, possibly European, willing to pay much more for the sponsorship. The amount of money paid by Turkish airlines till now seems ridiculous to me.

[Jazz]

"Real Madrid reportedly cutting expenses"

After failing to meet the budget for the 2021-22 season, reducing wages by 22% is the plan for Real Madrid.

Crunching the numbers was 2Playbook, a sports business Spanish website. As noted, Los Blancos closed the last season with losses of €31M and intend to reduce expenses going into the next season, including a 22% cut in wages. From the €41M of the 2021-22 season, financial management can shorten the 2022-23 budget all the way down to €32M. An income of €18M and losses of €23.6M are additionally projected for the next season.

https://www.eurohoops.net/en/euroleague/1393166/real-madrid-fails-to-meet-budget-to-cut-expenses/

[Killer Bob]

Those loses are unsustainable in long run. Meanwhile Nba revenue is 10 billion+.

[Jazz]

Those loses are unsustainable in long run. Meanwhile Nba revenue is 10 billion+.

I'm curious about how they can reduce their wages by that amount with contracts already in place etc.

But yes it's alarming, isn't it? If Real are that far off being even self sustaining then it's not a good sign for the Euroleague.

[Joško Poljak Fan]

I'm curious about how they can reduce their wages by that amount with contracts already in place etc.

But yes it's alarming, isn't it? If Real are that far off being even self sustaining then it's not a good sign for the Euroleague.

The thing that's alarming is that It was clear for the past decade that the changes euroleague is implementing will not lead to an increased interest for basketball...

It never added up.

The sooner euroleague bankrupts and leaves a place for somebody else, the better...

[Jazz]

The thing that's alarming is that It was clear for the past decade that the changes euroleague is implementing will not lead to an increased interest for basketball...

It never added up.

The sooner euroleague bankrupts and leaves a place for somebody else, the better...

Aside from the licenses and loss of talent to the NBA, do you think the volume of extra games have diminished the Euroleague as a competition?

[Killer Bob]

The thing that's alarming is that It was clear for the past decade that the changes euroleague is implementing will not lead to an increased interest for basketball...

It never added up.

The sooner euroleague bankrupts and leaves a place for somebody else, the better...

Unfortunately Fiba is even bigger mess. It's really simple, basketball in Europe has lost firstly against football and secondly against Nba. You can't make product interesting enough to compete against football with 3rd tier Americans and second tier Europeans.

[Killer Bob]

Aside from the licenses and loss of talent to the NBA, do you think the volume of extra games have diminished the Euroleague as a competition?

Extra games is the only thing that brings some money to the clubs.

[Jazz]

Extra games is the only thing that brings some money to the clubs.

Yes true, but I was responding specifically to the point about less interest in the competition.

[Killer Bob]

Yes true, but I was responding specifically to the point about less interest in the competition.

I believe Slovenia might be interesting example what has happened. I have played some basketball in my youth and I have friends with whom I'm playing recreational basketball. We all watched Euroleague before, not only because of Olimpija, but because there where all those great players playing there. Now I'm the only one still watching Euroleague, all others are watching only Luka and Nba playoffs. I understand that Larkin and Micov might be exciting for Efes' fans, but they can hardly bring interest that the biggest stars had before. And there's nothing to be done about that.

[LuDux]

But wait! NBA 99% certainly will add 2 new teams in next few years. Which means 2 new G-league teams. Which means 50+ players staying in/going to USA. Talent pool also may suffer from rise of 3x3, Japanese, Australian league, etc