Sports
NBA Europe Pitches Investors With $1 Billion Team Price Tags
An NBA game between the Indiana Pacers and San Antonio Spurs at The Accor Arena in Paris, last year.
Photographer: Dean Mouhtaropoulos/Getty ImagesThe National Basketball Association is preparing to pitch investors on a new European league, targeting team valuations of up to $1 billion, as it readies a pair of regular season games in London and Berlin.
NBA Commissioner Adam Silver will attend a pair of regular season games in London and Berlin starting Thursday between the Memphis Grizzlies and the Orlando Magic. Both cities are likely to host a team in a league that could debut as early as next year, according to people familiar with the matter who asked not to be identified because the information is private.