Is Dubai the world’s newest basketball hub? #playbookmiddleeast It began in 2022 when rumors spread that the city of Dubai wanted to: 1. Become the main sponsor of the most competitive league outside of North America, the Euroleague. The offer was to become the main sponsor of the competition through Emirates Airlines, with a contract that would dwarf the 10 million Euros a year that the current leading partner, Turkish Airlines, brings in for the Euroleague. (That sponsorship deal ends in 2025.) 2. Host three consecutive editions of the league's Final Four. A city that has successfully branded itself as a travel destination, it is looking to attract sports fans following the movement of sports tourism across the GCC. 3. Create a basketball team that would compete in it. And that team was founded in January 2024…Dubai BC. And since its inception, the impact has been felt. ↓ The team has been admitted into the ABA Liga (Adriatic Basketball League), and the details of this deal are fascinating. Overall, Dubai will contribute at least €2,500,000 per season: • A fee of €1,700,000 per season. • Full coverage of accommodation expenses for all participating teams in the league, including referees and officials, amounting to €200,000 per season. • Complete coverage of all flight expenses for traveling teams and officials to and from Dubai for away games played in the Coca Cola arena, which cost approximately €600,000 per season. The deal will run for three seasons, starting with the 2024-25 season and ending after the 2026-27 season. This is a proper investment and commitment to the game, but it's unsurprising. It's part of a trend of basketball-centered investments that’s been solidified over the last few years in Dubai. Dubai BC is in talks with leaders of the Euroleague, and this admission will strengthen their bid for entry. What's next? Will we see an NBA game in the city? For more news and analysis on the emerging sports economies of Africa and the Middle East, check out Playbook - Sports Business for Emerging Markets. __________ Photos: ASM Global #linkedinsports #sportsbusiness #Basketball
🤯 🤯 How long before Middle Eastern sports become a serious part of the conversation?
Amazing
Dubai is always going to go where the money is.
Another great piece of sport business information Sandrine!! Keep killing it 🙌🏾🙌🏾
Could be but many will not be able to play there because their immoral ways will not be accepted there..The monies are there but the players and league must conform.. This is why the leagues must stay abreast of the ME because they can match any salary..build a state of the art facility and bring in personal.. Remember the WNBA must show acceptance to Muslim and Christians etc ..or they will lose that audience where the ME will appease the latter and gain those fans ...fact!
In my opinion, the middle east is definitely going to be a force in the world of sport, this is just the beginning.
We are trying to get a women's league better than the Euro.womens league/WNBA League there. It is going to happen...
Interesting!
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4moThere is already a NBA event planned in Abu Dhabi in October. https://www.ticketmaster.ae/artist/nba-week-2024-tickets/34323