Valencia Basket Closes In On Euroleague Franchise
Valencia is among 11 clubs set for permanent Euroleague membership, with journalist Juan Carlos Villena reporting the Spanish side is nearly certain to make the final list.
Valencia is one of 11 clubs in line for permanent membership of the Euroleague, according to journalist Juan Carlos Villena of Las Provincias, who reports the Spanish side is all but certain to make the final list.
By all accounts, the negotiating group has been struck by the club's organisation and by the development of basketball under the Roig family, including 40 years of investment in the sport and a series of infrastructure projects.
Securing franchise status is expected to cost Valencia between €40m and €50m.
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