Tony Parker Becomes Owner of French Pro Hoops Team, Wants to Retire There

Ben LeibowitzCorrespondent IIIMarch 21, 2014

Dec 29, 2013; San Antonio, TX, USA; San Antonio Spurs guard Tony Parker (9) reacts after a shot during the second half against the Sacramento Kings at the AT&T Center. The Spurs won 112-104. Mandatory Credit: Soobum Im-USA TODAY Sports
Soobum Im-USA TODAY Sports

San Antonio Spurs point guard Tony Parker has dabbled with business ventures in the past, and while his Nueve Lounge nightclub wasn’t a success, the six-time NBA All-Star is sticking with a basketball theme this time around.

According to French website L’Equipe (h/t Jeff Garcia of Project Spurs), Parker has become the majority shareholder and owner of French basketball team ASVEL. He previously served as the team’s vice president of basketball operations.

“I decided to buy the whole club,” Parker said, relayed by Garcia. “Now I’m the majority shareholder and from the end of May I will be president of the Asvel.”

The three-time champion has a history with the team as a front-office member and player, per Garcia:

(He) played with the team during the 2011 NBA lockout, invested in ASVEL in 2009 and has dreams of making the franchise bigger and better considering this is the ‘golden age’ of French basketball after Team France captured gold at the 2013 FIBA EuroBasket tournament.

TP has big plans for the squad he is set to own in the near future, and according to, those ideas include suiting up overseas before his playing days are over.

“I am going to play in the NBA for 5-6 more years and I will play my last season with ASVEL. My dream is to play the season with ASVEL in the new arena,” Parker said.

Assuming that the 13-year veteran plays six more seasons, he’ll retire from the NBA when he’s 37 years old. That’s certainly a long time from now, but Spurs fans won’t be thrilled with the idea of Parker’s eventual retirement.

The French floor general is San Antonio’s all-time franchise leader in assists (5,591), according to Basketball Reference. He also ranks seventh in steals (863), fourth in points (15,905) and third in games played (928).

Parker is averaging 17.6 points, 6.1 assists and 2.2 rebounds for the Spurs. At 51-16, San Antonio has the best record in the NBA.