• Home
  • News
  • Statement from FIBA Europe on FIBA Europe-Euroleague termination agreement case

Statement from FIBA Europe on FIBA Europe-Euroleague termination agreement case


Press Release

28 June 2017

In response to media inquiries, FIBA Europe confirms that on Friday June 16 it received the ruling of the Luxembourg Commercial Court, ordering Euroleague Properties SA, a subsidiary of Euroleague Commercial Assets SA, to pay FIBA Europe €900,000 plus interest, an indemnification of €1,500 and to bear all costs of the proceedings.

In its decision, which may be appealed by either party, the Court found that the contract between FIBA Europe and Euroleague Properties came to an end in January 2015; the fees awarded in favor of FIBA Europe cover the period between 2012 and 2015, while no fees are due after that date.

The Court also held that the introduction of the new FIBA calendar did not represent a breach of contract by FIBA Europe, although this was the stated reason for Euroleague Properties' decision to refuse payment between 2012 and 2015.


In 2004, FIBA Europe and ULEB (Union of European Leagues of Basketball) signed a contract regulating the organisation of club competitions in Europe. Since 2010, Euroleague Properties had undertaken ULEB's obligation to pay the annual fee of €400,000 to FIBA Europe. Euroleague Properties purported to terminate the agreement in December 2012 invoking the announced change to the FIBA Calendar as of 2017.

Leave a comment

Please login to leave a comment.


Legal Advisors

Copyright © LawInSport Limited 2010 - 2022. These pages contain general information only. Nothing in these pages constitutes legal advice. You should consult a suitably qualified lawyer on any specific legal problem or matter. The information provided here was accurate as of the day it was posted; however, the law may have changed since that date. This information is not intended to be, and should not be used as, a substitute for taking legal advice in any specific situation. LawInSport is not responsible for any actions taken or not taken on the basis of this information. Please refer to the full terms and conditions on our website.