Press Release ULEB

The ULEB expresses its surprise today at learning, unofficially, that FIBA's Standing Conference has voted to reject the agreement signed April 4 in Munich between ULEB and FIBA. ULEB laments that FIBA has not been able to ratify the agreement signed April 4 and authorized previously by its own Bureau. It should be remembered that all details of the agreement were discussed and accepted following a succession of meetings between negotiating committees formed by FIBA and ULEB, allowing for the signing of an agreement that, as much for FIBA as for ULEB, was considered a model for the future. The speeches of Mr. Borislav Stankovic, the Secretary General of FIBA, and Mr. Eduardo Portela, the ULEB president, given at FIBA headquarters on April 4, fostered the belief that all differences had been resolved and that, beginning on that date, all parties would work together towards a new era for European basketball.