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Sport: BasketballCategory: Rumors

ASVEL owner seeks buyers amid financial struggles and new coaching role

Yahoo Sports • 1 min read • Latest: Aug 15, 2026, 11:59 PM

Last updated Aug 15, 2026

ASVEL owner seeks buyers amid financial struggles and new coaching role
Summary

The owner of ASVEL met on Wednesday with the former owner's sons from the Los Angeles Lakers regarding a potential club sale. This comes after the owner has faced challenges due to a significant reduction in his projected budget and is transitioning into a coaching career. Reports include interest from other investors in the acquisition of the club. Details surrounding the negotiations and potential impact on the team's future remain unclear.

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Yahoo Sports
Key Details
  • •Owner of ASVEL struggles with budget cuts.
  • •Met with potential buyers, including Lakers' former owner's sons.
  • •Owner is embarking on a new coaching career.
  • •Interest from additional investors in the club.
Latest Updates
  • 11:59 PMYahoo Sports — The owner of ASVEL, struggling since a drastic …
What they're saying
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The owner of ASVEL, struggling since a drastic …

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