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Euroleague Basketball Euroleague is the top flight of European professional basketball, consisting of 24 teams from across Europe. The league was founded in 2000 as a merger of the FIBA European Champions Cup and the Euroleague. It is the highest level of European club basketball, and the second-tier competition is the Eurocup. Euroleague teams compete in various domestic leagues, as well as the Euroleague itself, and the champion of the Euroleague is crowned the European champion.