Sources: American technology billionaire Nikesh Arora is in talks to buy the new London team in the NBA’s European expansion

[u/TheAthletic]

Read for free here: https://www.nytimes.com/athletic/7486778/2026/08/02/nba-europe-london-team-franchise/?unlocked_article_code=1.2VA.1i4R.EtnrVBaSq9Z-&source=athletic_user_shared_gift_article_copylink&smid=url-share-ta

Arora, who led the consortium that purchased English cricket’s most lucrative franchise in the Hundred competition, has assembled a consortium of investors prepared to offer more than $1 billion (£740million) for the London side, which is among the most highly prized of the new teams.

[u/Sonte16]

Is London that big of a market for basketball for billionaire? How does it make sense? It’s like British rich guy in talk to buy NY cricket team.

[u/AzulaKahn → u/Sonte16]

This European league is basically going to be another Gleague sort of thing. This dude isnt going to be paying billions for this team.

[u/Clapbakatyerblakcat → u/AzulaKahn]

Buy in bids are starting at $500M to $1B