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Administrated by the Asociación de Clubs de Baloncesto (ACB), Liga ACB is contested by 18 teams, with the two lowest-placed teams relegated to the LEB Oro and replaced by the top team in that division plus the winner of the playoffs.
The competition was founded as the ACB Primera División on 1983 following the decision of clubs in the Liga Nacional, founded in 1957, to break away from the Spanish Basketball Federation and professionalize the league. The league is a corporation in which the member clubs act as shareholders.
A total of 49 teams have competed in Liga ACB since its inception in 1983. Seven teams have been crowned champions, with FC Barcelona winning the title a record 16 times and Real Madrid 13 times, though Liga ACB also saw other champions, including Baskonia, Joventut Badalona, Bàsquet Manresa, Baloncesto Málaga and Valencia Basket.
Liga ACB is one of the most popular professional indoor sports leagues in the world, with an average attendance of 6,236 for league matches in the 2018–19 season. This is the ninth-highest of any domestic professional indoor sports league in the world and the fourth-highest of any professional basketball league in the world, behind the National Basketball Association, the EuroLeague, and the Women's National Basketball Association.