💨 Abstract

A new $5 billion basketball league spanning Asia and Europe is being planned, with the aim of rivaling the NBA. Strategic partners include Saudi Arabia's sovereign wealth fund and Swiss bank UBS. The league intends to create six men's and six women's teams to compete in eight host cities, including Macau, Singapore, and potential European cities. Top global players are being targeted as competitors, offering an alternative to the NBA.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖