When top European clubs decided to maintain the same competition format, keeping organization within Euroleague Basketball,[5] FIBA announced launch of a new European basketball club competition,[6] with qualification based on sporting merit.

However, the Basketball Champions League organizing body has the authority to grant clubs with smaller arenas a waiver of the rule.

The current trophy is 65 cm (26 in) tall and made of sterling silver with 24ct gold plated highlights, weighing 8 kg (18 lb).

[9] A total of 98 clubs from 28 national associations have played in or qualified for the Champions League group stage.

In January 2023, the BCL launched its under-18 competition named the Youth Basketball Champions League (YBCL).

[25] The inaugural season will be hosted in the Turkish city of Bursa and features 10 teams that play in a league format for the championship.