A total of 4,4 m. euros for the Champions League teams

2016-03-21T14:59:19+00:00 2016-03-21T22:47:56+00:00.

Aris Barkas

21/Mar/16 14:59

Eurohoops.net

The Basketball champions League was presented by FIBA today in Paris, as the new European club competition will tip off in the upcoming 2016-17 season

By Aris Barkas/ barkas@eurohoops.net

The Basketball champions League was presented by FIBA today in Paris, as the new European club competition will tip off in the upcoming 2016-17 season.

However, the official announcement about the revenues of the teams is much lower than the money which Euroleague will share with its 16 clubs. A total of 4,42 m. euros will be shared in the 32 Champions League teams with a minimum of 100.000 euros per club and a maximum of 500.000 euros for the winners of the title. The gap with the minumum of the 36 million euros which are going to shared between the 16 Euroleague clubs next season is vast…

The Final Four of the new league will be held between 28 and 30 of April 2017. No teams which will be competing in the new league were announced, since all of them will have to qualify via their domestic leagues, as FIBA executive director Europe Kamil Novak said to Eurohoops. Τhere are no longterm contracts with the clubs, only the ability to pre-registrate with the new competition. However, the owner of Greek club Aris BC, Nikos Laskaris, was present in the presentation, took the pontium and he is expected to have a key role in the structure of the new competition. Laskaris said: “For the love of basketball! We chose ‘Basketball Champions League’ for the transparency, the meritocracy, the professionalism and the future prospects of the League”.

In the photo and the following video you can see the competition format of the Champions League and also the new FIBA Europe Cup format.