PRESS RELEASE |

Euroleague Basketball freezes its contractual relationship with VTB Bank

Euroleague Basketball announced today that it has frozen its marketing partnership with VTB Bank until further notice amid the war initiated by the Russian Federation in Ukraine.

This decision will cease, at least temporarily, the presence of the VTB Bank brand in the organization's competitions, the Turkish Airlines EuroLeague and the 7DAYS EuroCup, and its association with EuroLeague and EuroCup clubs, players and coaches.

Earlier on Monday, the ECA Shareholders Executive Board decided to suspend all EuroLeague and EuroCup games in which Russian Federation teams are due to participate.

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 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 activities, led by the One Team program, in alignment with the United Nations Agenda 2030 Sustainable Development Goals. On the academic side, the EB Sports Business MBA trains future professionals in sports management.