Scranton Enterprises closed an agreement last week for the sale of Joventut Badalona to the business group Confluence Valley. The operation, which includes Ricky Rubio in the shareholding, has been received with optimism in the cradle of basketball and has put this new company owned by the Zalgiris Group, created at the beginning of October, on the map.

Change of ownership at Joventut Badalona. The Lithuanian group Confluence Valley has bought the shares of Scranton Enterprises in an operation led by Paulius Motiejunas, who after being an executive at Zalgiris directed the Euroleague as CEO from June 2023 to January 2026. The operation, which was reported by journalist Xavi Ballesteros and is subject to final approval by the High Council for Sports (CSD), will include Ricky Rubio in the shareholding. The player, who returned to the team last year, was eager to increase his involvement in the project.