ACB joins Basketball Champions League as shareholder

The Spanish basketball league, the Asociación de Clubs de Baloncesto (ACB), has signed an agreement to be a shareholder in Fiba’s Basketball Champions League.

The country will join 10 other European domestic leagues and the Union of European Basketball Leagues (ULEB) in the 50-50 joint partnership between Fiba and the European basketball leagues created in March 2016.

The shareholding will make it more likely that Spanish teams will choose to compete in the Fiba Basketball Champions League rather than the EuroCup organised by Euroleague Basketball since 2002. The two competitions are vying with each to be the de facto second-tier level of cross-border European competition behind Euroleague. The winner of the EuropCup qualifies for the next season’s Euroleague.

“We are very pleased to join, as a shareholder, a growing competition such as the Basketball Champions League, together with 10 other European leagues and the ULEB,” said Antonio Martín, president of the ACB. “Liga Endesa (Liga ACB) teams have had a great performance and a very important role in all three seasons of the Basketball Champions League”, he added.

“We are delighted to welcome the ACB among our shareholders. As a true basketball country, Spain is a significant addition for us, in line with the Basketball Champions League values, such as inclusiveness and European representation. Together with the 10 other signatory leagues and ULEB, the Spanish league will help us grow and develop our competition even further,” said Patrick Comninos, chief executive of the Basketball Champions League.