An investor group that features Lakers star Luka Doncic and is headed by former Mavericks general manager Donnie Nelson has a preliminary agreement in place to buy the Italian basketball team Vanoli Basket Cremona, Joe Vardon, Sam Amick, and Mike Vorkunov confirm in a report for The Athletic.
While the club currently plays in Cremona, which is in northern Italy, the long-term plan is to move it to Rome and to have it become one of the license holders in the NBA’s new European league, according to The Athletic.
As Vardon, Amick, and Vorkunov explain, any team that joins NBA Europe must also play in a domestic league, and Vanoli Basket is a license holder in Italy’s top league, Liga Basket Seria A. There’s currently no top-division team based in Rome, but the NBA has its eye on the city as one of the permanent homes for NBA Europe.
Besides Rome, commissioner Adam Silver also views Milan (Italy), London and Manchester (UK), Paris and Lyon (France), Madrid and Barcelona (Spain), Berlin and Munich (Germany), and Athens and Istanbul (Turkey) as potential homes for the 12 licensed teams in NBA Europe. The goal is to launch the league in the fall of 2027.
It’s unclear what percentage of Vanoli Basket Doncic would hold once the sale is finalized. While the NBA’s most recent Collective Bargaining Agreement set limits for the stake that an NBA player can hold in a WNBA franchise, no such limits are currently in place for teams in NBA Europe, which remains a work in progress.
According to The Athletic, Doncic won’t be the only current NBA player who is an investor in a team likely to join the European league. Rockets star Kevin Durant holds a minority stake in the soccer club Paris Saint-German, which is expected to create a basketball team for NBA Europe. Former NBA guard Tony Parker, meanwhile, owns ASVEL Basket, which is based near Lyon and will likely become part of the NBA’s European venture.
While investing guidelines for NBA players may still need to be established, NBA Europe team owners won’t be permitted to hold a share of an NBA franchise greater than 5%, per Vardon, Amick, and Vorkunov. The reasoning is that NBA team owners will already be stakeholders in the European league, so if they were to control NBA Europe teams as well, there would be potential conflicts of interest and concerns related to “double-dipping.”
La Gazzetta Dello Sport, an Italian news outlet, reported that former Mavericks star Dirk Nowitzki was also part of Nelson’s group alongside Doncic, but a spokesperson for Nowitzki told NBA insider Marc Stein (Twitter link) that’s inaccurate.
Awesome!
Any Luka investment in Euro Ball is great. Good for basketball. Good for NBA. Good for him. Pretty amazing he can this at 27 yrs old.