PRESS RELEASE |

ECA Shareholders Executive Board meets to discuss COVID-19 situation

The Euroleague Commercial Assets Shareholders Executive Board met remotely on Wednesday, March 25, to analyze the evolution of the COVID-19 global pandemic in its collective and individual businesses, including the competitions and communities.
Executive Board members agreed that:

-The competitions will resume once the situation allows there to be optimal health and safety conditions for all participants, following the recommendations of the relevant health authorities and local governments.

-Prioritizing the finish of the 2019-20 Turkish Airlines EuroLeague season with its existing format, meaning playing the remaining Regular Season, Playoffs and Final Four phases. This would most probably imply ending beyond the originally scheduled May dates, with game frequency potentially being condensed, if necessary. The same priority will be applied to the 2019-20 7DAYS EuroCup season.

-Continuing to analyze potential alternative competition systems that could be activated only if the situation would so require.

-Common policies and principles to be proposed to the EuroLeague Players Association and the EuroLeague Head Coaches Board, which include, amongst others: the potential return of players and head coaches to their home cities, and; players and head coaches’ commitments, including adjusted salary payments during the competitions suspensions.

-Making the 2019-20 Financial Stability & Fair Play Regulations more flexible until there is more certainty on the future evolution of the financial situation.

-The importance for all stakeholders (league, clubs, players, coaches, referees and ambassadors) to acknowledge their responsibility as points of reference and/or as sources of inspiration for many, to contribute in a coordinated manner to help combat COVID-19 in every way possible. This may be by raising awareness of how everyone can contribute to mitigate the spread of the virus, by staying as close as possible to those communities in need, or by simply providing those confined at home with some entertaining content around their biggest passion, basketball. The #EUROLEAGUEUNITED campaign will aggregate and expand the efforts already made by all stakeholders to support ongoing global campaigns, including #IStayHome or #InThisTogether.

The conclusions of the meeting were subsequently shared with all remaining 2019-20 EuroLeague and EuroCup clubs.

Euroleague Basketball (EB) is a global leader in the sports and entertainment business, devoted to running the top European competitions of professional basketball clubs under a unique and innovative organizational model. Owned and administered by some of the most successful and historic clubs in the world, EB manages and organizes the continent’s two premier men’s basketball competitions, the Turkish Airlines EuroLeague and the 7DAYS EuroCup, as well as the sport’s premier under-18 showcase, the EB Adidas Next Generation Tournament.

The EB competitions bring the elite of European basketball to all five continents and to the entire sports community through the OTT platform EuroLeague TV. EB also organizes a series of community and educational programs. Its ground-breaking corporate social responsibility program One Team features all EB clubs that have already made a difference in the lives of over 19,000 participants. Its Sports Business MBA trains future professionals in sports management.