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You think owners of large businesses work from their personal checking accounts.
no it does not. Do you know anything about (any) professional sport? Are you assuming the team has no source of income at all? If that is the case, you are wrong. Even in France teams have sponsors, ticket sale proceeds, etc.
You think owners of large businesses work from their personal checking accounts.
TP owns 33% of l'Asvel. He paid 450K€ to get that. He has an option to be the main owner in 2013.
He also paid $250K on his own to insure his NBA contract for 3 months.
just hope he stays healty. he hasnt had much luck in the health department when playing overseas during the offseason.
It's actually coming up on the season now.
Why didn't he at least "convert" his investment (250K) into a higher % in the club?
Just out of curiosity, where did you get these informations?
I read in several newspaper he is the 2nd owner but never really found anything more specific except dubious reference to 20% + 20% option.
He could have done that but it would have been weird to have a team raising its capital just to pay TP's insurance.
I think that a part of his insurance is paid by sponsors. It's not a coincidence that TP has start doing ads for Toupargel who is also a sponsor of l'ASVEL. IMO they have a deal in place "if you gives me some money to help me paying the insurance, I will play for them and you would get some additional and unexpected exposure through to your ASVEL sponsorship". It's a smart win/win deal.
I saw these numbers in L'équipe 2 or 3 days ago.
21/6 in 28 min for his first game:
http://www.lnb.fr/fr/Pro-A/200009/Re...aris-Levallois
PARIS (AP)—Asvel says New York Knicks center Ronny Turiaf(notes) will play for the French club during the NBA lockout.
Turiaf will join San Antonio Spurs guard and fellow Frenchman Tony Parker(notes), who is a part owner of Asvel and also has agreed to play for the club during the lockout.
Turiaf told Asvel’s website on Monday that he plans to arrive in France on Thursday and start practicing with the club this weekend.
http://sports.yahoo.com/nba/news;_yl...-turiaf-france
6 French NBA players (Parker, Batum, Diaw, Mahinmi, Turiaf and Sy) are back in France. That's a little silver lining of the lockout for French fans.
Yeah.
but I would love to see more NBA players (not french) to play in europe like D. Williams.
Just imagine them conquer Euroleague: Kobe vs Panathiniakos
or D Rose vs Barcelona...
Manu vs Maccabi...
That could be way way more fun than Miami vs dallas rigged NBA finals...
Plus I think that's a way to save the NBA and a way to promote NBA Europe.
Don't know why the league pushing into that direction more during this lockout
American players won't come in Europe for little to no money like French players did. As long as the whole NBA season isn't canceled, most teams won't spend a lot of money for a player who can leave them in the middle of the year.
Regarding the development of the NBA in Europe, it is damn hard to do for the simple reason that games are played in the middle of the night. A true development will only happen with some franchises moving to Europe. The Euro expansion is looking less and less unrealistic. London, Berlin and Paris are great market and have/will have a NBA-ready arena. Add a team in Spain and another one in Italy and it starts looking like a good business plan for the NBA.
It's so weird to think about that option Bruno, but it's also cool how much the game has expanded and what that could look like.
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