Inter’s owners Oaktree are aiming to overtake AC Milan’s owners RedBird Capital in the race to land an NBA Europe franchise.
It has been widely reported that Milan and Inter are strongly interested in having a team that would form part of the new NBA Europe project, and while it seemed that the Rossoneri were ahead, there has been a twist.
Inter overtake?
According to today’s edition of the Corriere della Sera (via MilanPress), Oaktree have overtaken RedBird in the race to land a franchise that would play in the city, despite Gerry Cardinale’s strong pressure.
The project should start in 2027, but given some difficulties along the way it could even be postponed to 2028, once the whole issue of the Los Angeles Olympics in the summer of 2028 has been concluded.
Cardinale has already spoken with the NBA and Leo dell’Orco, the number one at the existing Milan-based basketball side Olimpia Milano. However, Oaktree have also started discussions with them to understand how to manage the situation and are said to be ahead.
The NBA has set March 31 as the deadline to demonstrate interest and accept the rules and their model, while the amount to access is expected to be around €500m.
The Italian Basketball Federation and FIBA, the international basketball federation, support the arrival of the American league in Europe to give the Euroleague a boost.
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