The Spanish capital will follow in the footsteps of cities such as Barcelona, Bologna, Tel Aviv, Prague and Moscow which have also played host to the prestigious event.

This year's Final Four, which will feature Spanish teams Tau Ceramica and Unicaja, CSKA Moscow and Panathinaikos, is being held in Athens from May 4-6.

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Madrid is also hosting this year's European Championship which takes place in September.

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