💨 Abstract

A group of investors, including Saudi Arabia's Public Investment Fund and Swiss bank UBS, are planning to create a $5 billion basketball league spanning Asia and Europe, aiming to rival the NBA. The league intends to establish six men's and six women's teams competing in eight host cities, with Macau and Singapore being considered. The league hopes to attract top global players, particularly from Europe, offering an alternative to the U.S. league.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖