NBA Star Shai Gilgeous-Alexander Joins Atletico Madrid Ownership Group
Translated & summarized from Ice by baba
NBA star Shai Gilgeous-Alexander has joined the ownership group of Spanish football club Atletico Madrid as a shareholder. He becomes a partner of Israeli billionaire Idan Ofer, who owns about 32% of the club. The club announced Gilgeous-Alexander's addition on Thursday, highlighting shared values. This investment follows a trend of NBA players diversifying into football ownership.
The story in 5 lines · by baba
- NBA star Shai Gilgeous-Alexander has become a shareholder in Atletico Madrid.
- He joins Israeli businessman Idan Ofer, who holds approximately 32% of the club's shares.
- The Oklahoma City Thunder player was officially announced as a co-owner on Thursday.
- Gilgeous-Alexander expressed excitement about joining the club's ownership group.
- The move reflects a growing trend of NBA stars investing in European football clubs.
NBA star Shai Gilgeous-Alexander has become a shareholder in the Spanish football club Atletico Madrid, joining Israeli businessman and billionaire Idan Ofer as a co-owner. Ofer, through his investment company Quantum Pacific Group, holds approximately 32% of the club's shares. The club announced on Thursday the addition of the Oklahoma City Thunder player, a two-time league MVP. The exact number of shares Gilgeous-Alexander purchased was not disclosed. Atletico Madrid, currently second in the Spanish league, stated that the partnership is built on shared values of ambition, excellence, and a belief in hard work. The 28-year-old Gilgeous-Alexander, who was previously seen wearing club attire, is now officially part of the ownership group. "I am thrilled to officially join the ownership group of Atletico Madrid. This is a club with a long-standing presence at the top of European football, and I am grateful for the opportunity to be a part of its future," Gilgeous-Alexander told ESPN. This move aligns with a trend of NBA players investing in football clubs as part of expanding their business ventures beyond the court. LeBron James has investments in Liverpool and AC Milan, while Kevin Durant has invested in Paris Saint-Germain and the Philadelphia Union. Gilgeous-Alexander's personal wealth is estimated between $50 million and $80 million, bolstered by a contract exceeding $200 million with the Thunder, endorsement deals, and other commercial income. He now adds European football investment to his portfolio, partnering with a prominent Israeli businessman.