The Grifols Family Takes a Step Aside and Sells to Former CEO of the Euroleague Basketball, Paulius Motiejūnas, the Joventut Badalona
4 Articles
4 Articles
The Confluence Valley group takes over the club so far in the hands of Scranton Enterprises, the Catalan group's investment vehicle and gets into its shareholding at base Ricky Rubio Related: Ricky Rubio returns home: returns to Badalona's Joventut after 16 years
Scranton puts an end to an eight-year stage leading the Penya, and Confluence Valley, a business group led by former Euroleague CEO Paulius Motiejunas, is now the new property of the verdinegra entity
Scranton Enterprises, the investment company in which the Grifols family and other investors participate, has reached an agreement to incorporate Confluence Valley as a new majority shareholder of the Club Joventut Badalona (CJB). Through the operation, which is subject to the final approval of the Higher Sports Council, the stage started in 2018, when it avoided the liquidation of the historic Badalona club.
Scranton Enterprises B.V. and the Club Joventut Badalona have made public this Friday the agreement reached for the sale of the majority shareholding package of the entity verdinegra to the business group Confluence Valley, in an operation subject to the final approval of the Superior Council of Sports (CSD), which contemplates the incorporation of [...] The entry Scranton sells the Joventut de Badalona to Confluence Valley and Ricky Rubio enter…
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