ECA Shareholders Executive Board discussed economic model for 2020-21 season

2020-07-06T20:06:00+00:00 2020-07-07T12:16:27+00:00.


06/Jul/20 20:06
ECA Shareholders Executive Board Meeting - Euroleague Basketball

ECA Shareholders Executive Board continues discussions to plan for the 2020-21 season

By Eurohoops team/

The ECA Shareholders Executive Board met remotely once again on July 6 to continue the discussion about the short and long term plans which include the economic model going forward.

Per EuroLeague Basketball:

The ECA Shareholders Executive Board met remotely on Monday, July 6, 2020, to agree on a set of proposals and discuss additional topics, namely:

– Exceptional temporary measures for the 2020-21 season:

o An alternative clubs economic distribution model based on giving additional weight to market pool distribution in order to increase economic certainty for all clubs and mitigate the uncertainty created by the COVID-19 global pandemic.

o ‘Pandemic Response Guidelines’, a group of health, security, and commercial recommendations for teams to alleviate customers’ fears of attending live events, provide fans with customizable payment plans, and create transparent and exhaustive communication channels to increase trust by fans when deciding to attend Turkish Airlines EuroLeague games.

o Additional commercial platforms to be accessible for clubs to increase their revenue opportunities, as well as new aggregated commercial models.

o Modified training camp dates, which may begin a maximum of eight weeks prior to EuroLeague Regular Season Round 1, or a maximum of five weeks prior to the first official game of the 2020-21 domestic league competitions (earlier date of the two) .

o Studying the delivery of a series of official preseason tournaments during the month of September 2020

– Reviewed Euroleague Basketball’s 2019-20 economic closing and 2020-21 forecast

– Agreed on continuing discussions around improved Financial Stability & Fair Play Regulations to increase the league’s and club’s sustainability and competitive balance, with the objective of approving the new criteria during the 2020-21 season .

– Agreed on the 2020-21 bylaws proposals for the Euroleague Basketball competitions .

– Reviewed the state of negotiations with the EuroLeague Players Association (ELPA) and EuroLeague Head Coaches Board (EHCB) around potential European Framework Agreements with the aim to implement these from 2021-22 onwards .

All decisions taken by the Executive Board will be presented at the ECA Shareholders Meeting for formal approval, to be held on July 9, 2020.

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