London Nears NBA Team as Billion-Dollar Ownership Bid Emerges for Proposed Franchise

The NBA's expansion into Europe is moving forward, with a billionaire-led consortium reportedly preparing a bid exceeding US$1 billion to secure a proposed London franchise. American technology billionaire Nikesh Arora is said to be in advanced talks to lead the ownership group as the NBA plans for the launch of NBA Europe in the second half of 2027. Investor interest has reportedly surpassed expectations, with multiple bids already exceeding the billion-dollar mark.