PRESS RELEASE |

ECA Shareholders Executive Board meets in Barcelona

•2021-22 EL and EC participants approved

•FC Bayern Munich and LDLC Asvel Villeurbanne are granted long-term licences

The Euroleague Commercial Assets’ Executive Board members met on Friday, June 18, in Barcelona to discuss several topics. Among the main topics in the agenda were:

•Reviewing the current state of the business, including a detailed recap of the commercial performance over the last five seasons, as well as discussing threats and opportunities ahead.

•Reviewing and approving the 2021-22 Bylaws that regulate both the EuroLeague and EuroCup competitions, including revised Financial Stability and Fair Play Regulations with regards to shareholder contribution limitations in order to allow the clubs to better navigate the post-pandemic financials. Limitations are set at 55% for the 2021-22 season (instead of 50%) and 50% for 2022-23 (instead of 40%).

•Reviewing and approving the list of participating teams in the 2021-22 Turkish Airlines EuroLeague

Anadolu Efes Istanbul	TD Systems Baskonia Vitoria-Gasteiz
AX Armani Exchange Milan	Zalgiris Kaunas
CSKA Moscow	FC Bayern Munich
FC Barcelona	LDLC ASVEL Villeurbanne
Fenerbahce Beko Istanbul	ALBA Berlin (WC)
Maccabi Playtika Tel Aviv	Crvena Zvezda mts Belgrade (WC)
Olympiacos Piraeus	Zenit St Petersburg (WC)
Panathinaikos OPAP Athens	AS Monaco (EC)
Real Madrid	UNICS Kazan (EC)

•Approving the terms between FC Bayern Munich, LDLC Asvel Villeurbanne and ECA for their integration within the ECA ownership, agreeing on welcoming both to the group of EuroLeague licensed teams.

•Reviewing and approving the list of participating teams in the 2021-22 7DAYS EuroCup:

Boulogne Metropolitans 92	Lokomotiv Kuban Krasnodar
Buducnost VOLI Podgorica	MoraBanc Andorra
Cedevita Olimpija Ljubljana	Partizan NIS Belgrade
Dolomiti Energia Trento	Promitheas Patras
Frutti Extra Bursaspor	ratiopharm Ulm
Hamburg Towers	Slask Wroclaw
Herbalife Gran Canaria	Turk Telekom
JL Bourg en Bresse	Umana Reyer Venice
Joventut Badalona	Valencia Basket
Lietkabelis Panevezys	Virtus Segafredo Bologna

The decisions made at the ECA Executive Board will be brought to the ECA Shareholders Meeting, scheduled to be held on July 8, 2021..

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 22,000 participants. Its Sports Business MBA trains future professionals in sports management.