NBA plans $10 billion investment in new franchise competition

The NBA intends to invest approximately $10 billion over the next decade into a new franchise competition, which has been described as the sports industry’s largest startup initiative. The league is reportedly engaged with multiple offers for 12 franchises, with acquisition costs estimated between $500 million and over $1 billion for the London franchise. This investment seeks to enhance the league's global presence and competitiveness. Further developments on franchise allocations are expected as negotiations progress.

• 7:48 AMYahoo Sports — The NBA is planning to invest about $10bn (£7.6bn) …