Tony Parker has become the majority shareholder of ASVEL of the French league.

Parker had served as the team's Vice President of Basketball Operations.

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

“I started to have a real history with this club, I am involved in the City of Lyon, with my foundation, my basketball camps. I told myself that if I wanted to apply my vision, my philosophy, inspire me that I know the Spurs to only one benefits Asvel up there I had to be president to impose it all.”