In May 2001, Europe had two continental champions,
Maccabi Tel Aviv of the
FIBA SuproLeague and
Kinder Bologna of
Euroleague Basketball Company's
EuroLeague. The leaders of both organizations realized the need to come up with a new single competition. Negotiating from the position of strength
ULEB dictated proceedings, and
FIBA essentially had no choice but to agree to their terms. As a result, the EuroLeague was fully integrated under Euroleague Basketball Company's umbrella, and teams that competed in the FIBA SuproLeague during the 2000–01 season joined it as well. It is today officially admitted that European basketball had two champions that year, Maccabi of the FIBA SuproLeague and Kinder Bologna of the Euroleague Basketball Company's EuroLeague. A year later,
Euroleague Basketball Company and FIBA decided that Euroleague Basketball's EuroLeague competition would be the main basketball tournament on the continent, to be played between the top level teams of Europe.
FIBA Europe would also organize a European league for
third-tier level teams, known as the
FIBA Europe League competition, while Euroleague Basketball would also organize its own second-tier level league, combining FIBA's long-time
Korać Cup and
Saporta Cup competitions into one new competition, the
EuroCup. In 2005, Euroleague Basketball and FIBA decided to cooperate with each other, and did so jointly until 2016. In essence, the authority in European professional basketball was divided over club-country lines. FIBA stayed in charge of national team competitions (like the
FIBA EuroBasket, the
FIBA World Cup, and the
Summer Olympics), while Euroleague Basketball took over the European professional club competitions. From that point on, FIBA's
Korać Cup and
Saporta Cup competitions lasted only one more season before folding and merged to the
FIBA Europe Champions Cup in 2002 which was when Euroleague Basketball launched the
ULEB Cup. == See also ==