Abu Dhabi, NBA announce multi-year partnership

Dallas Mavericks and the Minnesota Timberwolves will play two preseason games at Yas Island’s Etihad Arena. (AFP/File)
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Updated 24 May 2023
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Abu Dhabi, NBA announce multi-year partnership

ABU DHABI: Abu Dhabi Developmental Holding Company — ADQ — and the National Basketball Association — NBA — have launched a multi-year partnership to engage Abu Dhabi fans and young basketball players, Emirates News Agency reported on Tuesday.

ADQ will be the presenting partner of the NBA Abu Dhabi Games 2023, in which the Dallas Mavericks and the Minnesota Timberwolves will play two preseason games at Yas Island’s Etihad Arena in October.

ADQ will host and assist the league’s grassroots basketball programs in the UAE. 

ADQ will also support a number of NBA fan engagement, youth development and social impact initiatives, including the Jr. NBA Abu Dhabi League, NBA FIT clinics, NBA Cares events and NBA youth basketball development camps.

“Through this groundbreaking collaboration, ADQ will contribute to the increasing prominence of the sport and bolster the emirate’s profile as an attractive destination, while encouraging healthier lifestyles,” said ADQ chief operating officer, Anas Albarguthi. 

“Our track record in partnering with leading organizations to promote physical activity both on a professional and an amateur level has served to prove that sports yield tangible benefits for local communities,” Albarguthi said. 

Ralph Rivera, Middle East managing director at NBA Europe, added: “Engaging with local communities and growing basketball at the grassroots level are cornerstones of our broader efforts to use the game to inspire and connect people in the Middle East and globally, and our collaboration with ADQ will help us teach the game and its values to the next generation of fans and players.”
 


Africa Cup of Nations commercial revenue up by 90 percent, says CAF

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Africa Cup of Nations commercial revenue up by 90 percent, says CAF

  • CAF said on Friday this was because of the increase in commercial partners and media rights distribution
  • “For the 2025 edition in Morocco, CAF has continued to attract more partners and now has 23 sponsors

CASABLANCA: The Confederation of African Football said it has had a 90 percent increase in commercial revenue for the Africa Cup of Nations in Morocco, calling it “the most successful commercial story in the history of African football” but without providing any figures.
CAF said on Friday this was because of the increase in commercial partners and media rights distribution ⁠and venturing into new markets, most notably in Asia.
“The growth has been matched by a steady expansion of the sponsor portfolio, with the number of commercial partners increasing from nine during the 2021 tournament ⁠to 17 at the finals in Ivory Coast in 2023,” a statement from African football’s controlling body said.
“For the 2025 edition in Morocco, CAF has continued to attract more partners and now has 23 sponsors.
“This expansion reflects both the attraction of new global brands and the retention of existing partners, for whom the ⁠Afcon has been an excellent return on investment,” the statement added.
In its financial statements released at its congress last year, CAF said it had an income of $96 million in net contract revenues for the last Cup of Nations.
CAF, in its annual report last year, said the tournament in Morocco was forecast to contribute $114 million in net profit.