According to eurobasket.com, Mariusz Baluszynski, the president of multichampion team of Poland - Basco Slask Wroclaw - announced that the team is now bankrupt and it will be relegated to the amateur leagues.
It means that the team is no more a legal entity as a pro team and it also means that all players and coaches of this team are now free agents. This is a major blow for one of the most popular teams in Poland and a team with a presence in Europe as well.
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