Saudi Arabia's sovereign wealth fund has joined forces with Singapore's government and a Macau casino operator to launch a $5 billion basketball competition, aiming to rival the NBA. The new league, envisioned as basketball's Formula One, will feature six men's and six women's teams competing in eight cities across multiple countries. The goal is to leverage Europe's basketball talent pool and Asia's massive fanbase. The men's league will be full-time, competing directly for players with the NBA, potentially posing a significant threat to its dominance.
Saudi Arabia’s sovereign wealth fund has partnered with the government of Singapore and a Macau casino operator to fund a $5 billion basketball competition to compete with the NBA . The plan is to create an international basketball circuit with six men’s teams and six women’s teams competing in eight host cities.Those behind the new competition describe it as basketball’s answer to Formula One.
The men’s version of the start-up basketball competition is envisaged as a full-time endeavour, so participating teams would compete for talent with the NBA. Due to the reliance on star power, basketball is potentially vulnerable to having a few big name players join a new competition, which could significantly disrupt the NBA.
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