Idman.biz
The owners of the football clubs Paris Saint-Germain, Milan, and Newcastle United are preparing to create basketball teams in Europe for a National Basketball Association (NBA) project.
Idman.Biz reports this with reference to the New York Times.
The Saudi Arabian Sovereign Wealth Fund, which owns a large portfolio of Newcastle United sports assets, is preparing to submit a proposal to create a new team in London.
Qatar Sports Investments, the owner of PSG, is also preparing a proposal to create a new team in Paris.
RedBird Capital, the owner of the Italian club Milan, will also submit a proposal to create a new team in Milan.
