British Basketball Association plans to start a high-level league from Nov.2014

The British Basketball Association has established an office in Manhattan and plans to start a high-level professional league in the United Kingdom with play beginning in November 2014. The league wants to have eight teams in major UK cities in its first season, and the BBA has "adapted a single entity business model similar to Major League Soccer … which will offer Investors and Franchise Partners a scalable platform to participate in the growth of the sport through equity ownership. This formula allows the BBA to implement stringent financial and operational controls necessary, while providing local ownership groups access to proven basketball, sports marketing and finance professionals," according a new release.