FIBA EuropeFIBA Europe and ULEB representitives gathered in Geneva, Switzerland in order to amend previous agreement between the two sides. The new European competition system was agreed with the aim to integrate all three competitions. There will be two club competitions outside Euroleague with 32 teams in each.

1. The elimination rounds will be administered by FIBA Europe and will be played under FIBA Europe eligibility rules.

2. The second and third competitions (featuring 32 teams each) will run on a parallel calendar during the season.

3. There will be promotion from the third competition to the second competition beginning in the 2009-2010 season.

4. The name of Euroleague will remain while the other two competitions will be renamed in the near future.