Key facts
- A consortium led by Daniel Levy is reportedly vying for an NBA expansion team.
- Nikesh Arora's group is also reportedly competing for the team.
- The potential NBA expansion team is located in London.
- The estimated value of the expansion team is $1 billion.
- The NBA plans to launch its European season in late 2027.
- London is the likely host city for the NBA's European season.
The National Basketball Association's (NBA) plans for a European expansion team in London are intensifying, with a reported competition for ownership between two prominent groups. Daniel Levy, chairman of Tottenham Hotspur, is leading a consortium that is in contention for the potential $1 billion NBA expansion team. This group faces competition from a rival bid spearheaded by American technology billionaire Nikesh Arora, CEO of Palo Alto Networks. The NBA aims to launch its European season in late 2027, and London is the favored location for this historic expansion. The valuation of the potential London-based team is estimated at $1 billion, reflecting the significant investment and potential of the NBA's foray into European professional basketball. Both Levy's and Arora's groups are actively pursuing the opportunity to own and operate this new franchise, signaling a high level of interest and commitment to the venture. The development marks a significant step for the NBA in expanding its global footprint and bringing a team to a major European capital.