PRESS RELEASE |

ECA Shareholders Executive Board continues discussions to plan for the 2020-21 season

The ECA Shareholders Executive Board met remotely on Monday, July 6, 2020, to agree on a set of proposals and discuss additional topics, namely:

- Exceptional temporary measures for the 2020-21 season:

o An alternative clubs economic distribution model based on giving additional weight to market pool distribution in order to increase economic certainty for all clubs and mitigate the uncertainty created by the COVID-19 global pandemic.

o ‘Pandemic Response Guidelines’, a group of health, security, and commercial recommendations for teams to alleviate customers’ fears of attending live events, provide fans with customizable payment plans, and create transparent and exhaustive communication channels to increase trust by fans when deciding to attend Turkish Airlines EuroLeague games.

o Additional commercial platforms to be accessible for clubs to increase their revenue opportunities, as well as new aggregated commercial models.

o Modified training camp dates, which may begin a maximum of eight weeks prior to EuroLeague Regular Season Round 1, or a maximum of five weeks prior to the first official game of the 2020-21 domestic league competitions (earlier date of the two) .

o Studying the delivery of a series of official preseason tournaments during the month of September 2020

- Reviewed Euroleague Basketball’s 2019-20 economic closing and 2020-21 forecast

- Agreed on continuing discussions around improved Financial Stability & Fair Play Regulations to increase the league’s and club’s sustainability and competitive balance, with the objective of approving the new criteria during the 2020-21 season .

- Agreed on the 2020-21 bylaws proposals for the Euroleague Basketball competitions .

- Reviewed the state of negotiations with the EuroLeague Players Association (ELPA) and EuroLeague Head Coaches Board (EHCB) around potential European Framework Agreements with the aim to implement these from 2021-22 onwards .

All decisions taken by the Executive Board will be presented at the ECA Shareholders Meeting for formal approval, to be held on July 9, 2020.

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.