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Post by foxtrot27 on Nov 7, 2024 23:01:43 GMT
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Post by LTfan on Nov 8, 2024 10:41:33 GMT
This has been doing the rounds on the internet for a few days now... the controversy isn't really anything to do with the London Lions but more around Euroleague Basketball CEO Paulius Motiejunas still being a shareholder in the Zalgiris Kaunas organisation - a role he had prior to accepting the Euroleague Basketball CEO role.
So him having involvement in London Lions sale to Tesonet (who also own Zalgiris Kaunas) alone, something which he denies, wouldn't really be controversial anyway. But being Euroleague Basketball CEO and still being a shareholder in a Euroleage team (Zalgiris) obviously is controversial and a major conflict of interest.
We should of course say that Paulius Motiejunas has said that upon accepting the role of Euroleague Basketball CEO he fully divested his shares in Zalgiris Kaunas and stepped down from all positions within the organization.
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Post by foxtrot27 on Nov 8, 2024 11:30:12 GMT
This has been doing the rounds on the internet for a few days now... the controversy isn't really anything to do with the London Lions but more around Euroleague Basketball CEO Paulius Motiejunas still being a shareholder in the Zalgiris Kaunas organisation - a role he had prior to accepting the Euroleague Basketball CEO role. So him having involvement in London Lions sale to Tesonet (who also own Zalgiris Kaunas) alone, something which he denies, wouldn't really be controversial anyway. But being Euroleague Basketball CEO and still being a shareholder in a Euroleage team (Zalgiris) obviously is controversial and a major conflict of interest. We should of course say that Paulius Motiejunas has said that upon accepting the role of Euroleague Basketball CEO he fully divested his shares in Zalgiris Kaunas and stepped down from all positions within the organization. He's clearly backtracking. And he wasn't upfront with other Euroleague clubs. His days are numbered, especially if his effort to secure investment fails. It's dodgy. But maybe we will hear something from Tesonets owner? Won't hold my breath. The fact that Lenz Balan from 777 is still at Lions is even more cringe. This piece goes deeper: basketnews.com/news-214266-euroleague-ceo-allegedly-involved-in-london-lions-acquisition-by-zalgiris.html |
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Post by LTfan on Nov 8, 2024 12:01:55 GMT
This has been doing the rounds on the internet for a few days now... the controversy isn't really anything to do with the London Lions but more around Euroleague Basketball CEO Paulius Motiejunas still being a shareholder in the Zalgiris Kaunas organisation - a role he had prior to accepting the Euroleague Basketball CEO role. So him having involvement in London Lions sale to Tesonet (who also own Zalgiris Kaunas) alone, something which he denies, wouldn't really be controversial anyway. But being Euroleague Basketball CEO and still being a shareholder in a Euroleage team (Zalgiris) obviously is controversial and a major conflict of interest. We should of course say that Paulius Motiejunas has said that upon accepting the role of Euroleague Basketball CEO he fully divested his shares in Zalgiris Kaunas and stepped down from all positions within the organization. He's clearly backtracking. And he wasn't upfront with other Euroleague clubs. His days are numbered, especially if his effort to secure investment fails. It's dodgy. But maybe we will hear something from Tesonets owner? Won't hold my breath. The fact that Lenz Balan from 777 is still at Lions is even more cringe. This piece goes deeper: basketnews.com/news-214266-euroleague-ceo-allegedly-involved-in-london-lions-acquisition-by-zalgiris.htmlIt's certainly a very interesting situation, but I'd wish people would stop trying to make this more about the London Lions than it actually is. This is an alleged controversy between Euroleague and Zalgiris Kaunas. It just so happens that Zalgiris Kaunas are owned by the same organisation as the London Lions - Tesonet, of whom Paulius Motiejunas has no involvement. Anyway, back to the actual story, if the statement Paulius Motiejunas has issued is correct then I don't think there's anything for anyone to be concerned about. But if any of it is incorrect, especially if it turns out he still has some kind of interest in Zalgiris whilst acting as Euroleague CEO, then I agree his days have to be numbered. Personally I've always thought the Euroleague CEO having an interest in a Euroleague team, of past or present, was reason for concern. I don't know if there's a precedent for this and the Euroleague CEO role or not, I've never followed it that closely. |
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