A European basketball league is set to have a London franchise worth $1bn. The franchise is part of a new league and its ownership is being contested.

The family that controls Tottenham Hotspur Football Club is one of the parties vying for control of the London franchise. They are competing with the former chairman of Tottenham Hotspur.

Further details about the league and the ownership contest are available from the Galveston County Daily News. The newspaper has reported on the efforts of the family and the former chairman to win control of the franchise, but additional information is needed to understand the full context of the situation.