Ricky Rubio becomes a shareholder of Joventut Badalona
Spanish point guard Ricky Rubio is joining the shareholders of Joventut Badalona, the club where his career began. Paulius Motiejunas, who bought the club's majority stake, will become the new president.
Former NBA point guard Ricky Rubio is joining the owners of Joventut Badalona. According to the club's statement, the 36-year-old star will be among the shareholders.
Rubio came up through the Badalona youth system and also started his professional career at the club. He then won a EuroLeague title with Barcelona before moving to the NBA. He has been wearing the Badalona jersey again for the last two seasons.
The club is also undergoing a significant change at the same time. Paulius Motiejunas, the former CEO of the EuroLeague, will become the club's new president after buying Badalona's majority stake.
The development was announced on October 23. For the change in ownership structure to become official, it still requires approval from the Spanish High Sports Council.
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