Adriatic Basketball Association
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Adriatic Basketball Association
Adriatic Basketball Association – ABA League, G.P., commonly referred to as the ABA League JTD, is a Croatian company based in Zagreb. It is the general partnership for organizing sports competitions. The company has been running the Adriatic League since the 2015–16 season. The company runs and operates the three regional-wide men's professional club basketball competitions in South-Eastern Europe, the first-tier ABA League First Division, the second-tier ABA League Second Division, and the ABA League Supercup tournament. History Founders and shareholders The founders, as well as the shareholders between 2015 and 2020, of the company were 12 basketball clubs, as follows KK Budućnost (Montenegro), KK Cedevita (Croatia), KK Cibona (Croatia), KK Crvena zvezda (Serbia), KK Igokea (Bosnia and Herzegovina), KK Krka Telekom Novo Mesto (Slovenia), KK Mega Vizura (Serbia), KK Metalac Valjevo (Serbia), KK MZT Skopje Aerodrom AD Skopje (North Macedonia), KK Olimpija Lj ...
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General Partnership
A general partnership, the basic form of partnership under common law, is in most countries an association of persons or an unincorporated company with the following major features: *Must be created by agreement, proof of existence and estoppel. *Formed by two or more persons *The owners are jointly and severally liable for any legal actions and debts the company may face, unless otherwise provided by law or in the agreement. It is a partnership in which partners share equally in both responsibility and liability. Characteristics Partnerships have certain default characteristics relating to both (a) the relationship between the individual partners and (b) the relationship between the partnership and the outside world. The former can generally be overridden by express agreement between the partners. Whilst the latter is in general hardly varied, a careful draft would oust certain kinds of third party liability. A clause can contain that only the negligent partners can be sued ...
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ABA League
The ABA League, renamed to the ABA League First Division in 2017, is the 1st-tier regional men's professional basketball league that originally featured clubs from the former Yugoslavia (Bosnia and Herzegovina, Croatia, Montenegro, North Macedonia, Serbia and Slovenia). Due to sponsorship reasons, the league was also known as the Goodyear League from 2001 to 2006, the NLB League from 2006 to 2011, and as the AdmiralBet ABA League from 2021. The league coexists alongside scaled-down national leagues in Bosnia and Herzegovina, Croatia, North Macedonia, Montenegro, Serbia, and Slovenia. All but one of Adriatic League clubs join their country's own competitions in late spring after the Adriatic League regular season and post-season have been completed. In the past, the league has also consisted of clubs from Bulgaria ( Levski), the Czech Republic (ČEZ Nymburk), Hungary ( Szolnoki Olaj), and Israel (Maccabi Tel Aviv) that received wild card invitations. The Adriatic League is a ...
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KK Igokea
Košarkaški klub Igokea ( sr-cyrl, Кошаркашки клуб Игокеа), commonly referred to as KK Igokea or as Igokea m:tel due to sponsorship reasons, is a men's professional basketball club based in Aleksandrovac near Laktaši, Republika Srpska, Bosnia and Herzegovina. The club plays in the Adriatic League, the Bosnian League and the Champions League. The club is a founding member and shareholder of the Adriatic Basketball Association. History Even though they have become well known to the broader basketball public in the territory of the former Yugoslavia only several years ago, when they joined the regional competition called the Adriatic League, Igokea is a club with a long-lasting tradition. Its beginnings go back into 23 July 1973, when KK Potkozarje was established in Aleksandrovac by a group of enthusiasts that set themselves the main goal to introduce basketball to local youth and teach them the basics. In the second half of the 1990s, the club was renamed ...
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KK Crvena Zvezda
Košarkaški klub Crvena zvezda ( sr-cyrl, Кошаркашки клуб Црвена звезда, ), commonly referred to as KK Crvena zvezda mts for sponsorship reasons or simply Crvena zvezda, is a men's professional basketball Sports club, club based in Belgrade, Serbia and the major part of the SD Crvena Zvezda, Red Star multi-sports club. The club is a founding member and shareholder of the ABA League JTD, Adriatic Basketball Association, and competes in the Basketball League of Serbia, Serbian League (KLS), the ABA League, and the top-tier Europe-wide EuroLeague. Crvena zvezda is regarded as one of the List of basketball clubs in Serbia by major honours won, most successful clubs in Serbia history; their squads have won 22 National League championships, including 10-in-a-row and current 7-in-a-row sequences. They have played in three different National Leagues since 1945, including the First Federal Basketball League, Yugoslav First Federal League (1945–1992), the YUBA ...
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KK Cibona
Košarkaški klub Cibona, commonly referred to as Cibona Zagreb or simply Cibona, is a men's professional basketball sports club, club based in Zagreb, Croatia. The club is a founding member and shareholder of the ABA League JTD, Adriatic Basketball Association, and competes in the ABA League, Adriatic League and the HT Premijer liga, Croatian League. History Formation and early years Cibona's history dates to late autumn of 1945 when Sloboda (''Freedom'') was founded as a sports society of bank workers, craftsmen, traders, and clerks. On April 24, 1946 thanks to basketball enthusiast Branimir Volfer and his friends Ljubo Prosen and Joso Miloš, basketball section of Sloboda, the predecessor of today's Cibona, is formed. Its first game was against local rival Slavija on May 7, 1946. Sloboda did not last too long under that name as in November 1946 it merged with Tekstilac, Amater and Grafičar into Sportsko društvo Zagreb (''Sports Society Zagreb''). Name changing continued thro ...
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KK Cedevita
Cedevita d.o.o. is a Croatian company which produces a wide range of teas, instant drinks, and dietetic products. A notable owner of the company was the Croatian pharmaceutical company Pliva d.d. Since 2001 Cedevita has been part of the Atlantic Grupa. Background and history Cedevita began production in 1929 in Borongaj, Zagreb (where the main factory still operates) as a branch of the Swiss company Wander AG to produce dietetic products. In 1947, a new facility was built in Trogir for processing of plants and manufacturing of teas. The company sponsors KK Cedevita, a basketball club in Ljubljana, Slovenia. Cedevita instant vitamin drinks The first instant vitamin drink (Orange flavored Cedevita) was created in 1969, however, production did not start until 1970. In 1985, the company launched the lemon flavour drink, and, in 1990, grapefruit. Wild berry and apple flavours were introduced in 1999. Other flavours include tropical and mandarin. A sugar-free version was introduced ...
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KK Budućnost
KK Budućnost (, ), currently known as Budućnost VOLI () for sponsorship reasons, is a professional basketball Sports club, club based in Podgorica, Montenegro. The club competes in Montenegrin Basketball League, Adriatic League and EuroCup Basketball, Eurocup. It is a part of the SD Budućnost Podgorica, Budućnost Sports Society. The club is a founding member and shareholder of the ABA League JTD, Adriatic Basketball Association. History 1949–1979: Formation and early years The club was founded in 1949 when Budućnost sports society decided to form the men's basketball club. Budućnost participated in its first competition during the first part of June 1949, at the third Montenegrin Championship. The Championships took place in Cetinje, and in addition to Budućnost, three other teams from Montenegro participated. The first success came two years later – in 1951, when Budućnost took the first place in the First Championships of the Cities, which was held in Herceg-Novi. ...
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Club (sport)
A sports club or sporting club, sometimes an athletics club or sports society or sports association, is a group of people formed for the purpose of playing sports. Sports clubs range from organisations whose members play together, unpaid, and may play other similar clubs on occasion, watched mostly by family and friends, to large commercial organisations with professional players which have teams that regularly compete against those of other clubs and attract sometimes very large crowds of paying spectators. Clubs may be dedicated to a single sport or to several (multi-sport clubs). The term ''athletics club'' is sometimes used for a general sports club, rather than one dedicated to athletics proper. Organization Larger sports clubs are characterized by having professional and amateur departments in various sports such as bike polo, football, basketball, futsal, cricket, volleyball, handball, rink hockey, bowling, water polo, rugby, track and field athletics, boxing, baseb ...
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Shareholder
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of a shareholder on the business is determined by the shareholding percentage owned. Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders' liabil ...
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European Professional Club Basketball System
Professional basketball clubs in Europe can compete in a number of different competitions, including national leagues, regional (multi-national) leagues, and continental competitions. It is therefore possible for clubs from some countries to take part in several levels of competition in the same season. Clubs usually qualify for European competitions through performance in their national or regional leagues, with the exception of wild cards. Continental competitions There are currently four competitions which are branded as Europe-wide, two controlled by Euroleague Basketball, and two by FIBA Europe. Clubs which compete in these competitions also play in their national and/or regional leagues. Clubs usually qualify for these competitions based on their performance in the national or regional leagues in the previous season. The EuroLeague is a competition with currently 18 teams. It has historically been the most prestigious competition in European basketball and is widely recogn ...
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South-Eastern Europe
Southeast Europe or Southeastern Europe (SEE) is a geographical subregion of Europe, consisting primarily of the Balkans. Sovereign states and territories that are included in the region are Albania, Bosnia and Herzegovina, Bulgaria, Croatia (alternatively placed in Central Europe), Cyprus (alternatively placed in West Asia), Greece (alternatively placed in Southern Europe), Kosovo, Montenegro, North Macedonia, Romania, Serbia, and Turkey (alternatively placed in Southern Europe or West Asia). Sometimes, Moldova (alternatively placed in Eastern Europe) and Slovenia (alternatively placed in Central Europe) are also included. The largest city of the region is Istanbul, followed by Bucharest, Sofia, Belgrade, and Athens. There are overlapping and conflicting definitions of the region, due to political, economic, historical, cultural, and geographical considerations. Definition The first known use of the term "Southeast Europe" was by Austrian Empire, Austrian researcher Johann Geor ...
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Basketball
Basketball is a team sport in which two teams, most commonly of five players each, opposing one another on a rectangular Basketball court, court, compete with the primary objective of #Shooting, shooting a basketball (ball), basketball (approximately in diameter) through the defender's hoop (a basket in diameter mounted high to a Backboard (basketball), backboard at each end of the court, while preventing the opposing team from shooting through their own hoop. A Field goal (basketball), field goal is worth two points, unless made from behind the 3 point line, three-point line, when it is worth three. After a foul, timed play stops and the player fouled or designated to shoot a technical foul is given one, two or three one-point free throws. The team with the most points at the end of the game wins, but if regulation play expires with the score tied, an additional period of play (Overtime (sports), overtime) is mandated. Players advance the ball by bouncing it while walking ...
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