The Current Euroleague Is Formed
A year later, Euroleague Basketball (Company) and FIBA decided that Euroleague Basketball's Euroleague competition would be the main basketball tournament on the continent, to be played between the top level teams of Europe. FIBA Europe would also organize a European league for third tier level teams, known as the FIBA Europe League competition, while Euroleague Basketball would also organize its own second tier level league, combining FIBA's long-time Korać Cup and Saporta Cup competitions into one new competition, the Eurocup. In 2005, Euroleague Basketball and FIBA decided to cooperate with each other and have been jointly cooperating since then.
In essence, the authority in European professional basketball was divided over club-country lines. FIBA stayed in charge of national team competitions (like the FIBA EuroBasket, the FIBA World Cup, and the Summer Olympics), while Euroleague Basketball took over the European professional club competitions. From that point on, FIBA's Korać Cup and Saporta Cup competitions lasted only one more season before folding, which was when Euroleague Basketball launched the Eurocup.
Read more about this topic: FIBA Supro League
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