European football-club owners are cautiously eyeing the NBA’s planned European league, raising skepticism over proposed terms and limited details.

The NBA’s expansion into Europe is drawing skepticism from European football-club owners who are considering investing in the new league, according to a Bloomberg report.

Several club owners have expressed interest in taking stakes in teams in the new league, but they’ve also raised concerns about some of the proposed terms and noted a lack of detailed information before being asked to submit bids, per the same report.

Many football-club owners are particularly concerned about the NBA’s proposal to take just under half of the league’s income, compared with UEFA, which takes only about 2.5% of net revenue in Europe’s most lucrative football competitions.

Joe Vardon of The Athletic earlier reported that multiple bidders have proposed investments of at least $1 billion, while several others met or exceeded the league’s expected $500 million entry range.

Sources told The Athletic that there was “serious” interest from more than 120 prospective investors.

Among the football-related investors, Qatar Sports Investments, which owns soccer giant Paris Saint-Germain, and Gerry Cardinale’s RedBird Capital, owners of AC Milan, submitted bids for new teams in Paris and Milan.

Discussions have also taken place with the Middle Eastern backers of Manchester City.

European football clubs, including Real Madrid and FC Bayern Munich, already have basketball teams competing in the EuroLeague.

The NBA is currently working with FIBA on the project, and the EuroLeague could also be involved.

EuroLeague CEO Chus Bueno told The Athletic that he is “set to talk to a high-ranking NBA executive later this week to start discussions on how the two leagues might work together going forward,” amid the NBA’s push to launch a league in Europe.

Per Bloomberg, the economics of the proposed league would split revenue 45-45 between the NBA and participating club owners, with FIBA taking 5%, leaving the final 5% potentially for future partners.

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