Showing posts with label Robert Sarver. Show all posts
Showing posts with label Robert Sarver. Show all posts

Tuesday, 5 January 2016

Nash and Sarver Buy into Mallorca


Former NBA star Steve Nash has officially become a majority stakeholder in Spanish second-division club Real Club Deportivo Mallorca. 

According to the club, the Canadian former point guard has partnered up with Phoenix Suns owner Robert Sarver to purchase 20 million euros (21 million dollars) of RCD Mallorca shares. In doing so, Nash and Sarver have replaced the German group led by Utz Claassen as the club's majority shareholders. 

Claassen, who had been a 98% shareholder, has reduced his stake in the club to 22% but will initially stay on as its president, a role he has held since the end of 2014.

With investment and share capital worth more than 26 million euros, RCD Mallorca are the undisputed financial heavyweights in the second tier of Spanish football, although things are not going so well out on the pitch. 

The team currently lie 18th in the table and are fighting to avoid relegation to the third division (Segunda B).



Monday, 4 January 2016

Suns Sarver Slams Millenial Culture


Phoenix Suns owner Robert Sarver attributed his club’s ongoing struggles to the inability of “millennial culture” to deal with problems.

The US financier specifically called out Markieff Morris, who was fined $10,000 in September for publicly demanding a trade when twin brother Marcus Morris was traded to the Detroit Pistons. Last month, the power forward was hit with a two-game suspension for throwing a towel at Suns coach Jeff Hornacek.

“I’m not sure it’s just the NBA,” Sarver told the Arizona Republic. “My whole view of the millennial culture is that they have a tough time dealing with setbacks, and Markieff Morris is the perfect example. He had a setback with his brother in the offseason and he can’t seem to recover from it.

“I’m not sure if it’s the technology or the instant gratification of being online. But the other thing is, I’m not a fan of social media. I tell my kids it’s like Fantasy Land. The only thing people put online are good things that happen to them, or things they make up. And it creates unrealistic expectations. We’ve had a number of setbacks this year that have taken their toll on us, and we haven’t been resilient. Therefore, it’s up to our entire organization to step up their game.”

Sarver was reached overseas while attempting to finalize the purchase of Real Club Deportivo Mallorca ‎in Spain’s Segunda Division after a pair of failed takeover bids for Rangers last year.

The Suns are second from bottom in the NBA’s Western Conference with a record of 12-25, ahead of only the moribund Los Angeles Lakers. Morris’s statistical averages are down across the board after averaging a career-high 15.3 points, 6.2 rebounds and 3.2 assists in 82 games last year.

“The reality is, there’s only a half-dozen championship-caliber organizations in the NBA over the last 25 years,” Sarver said. “My job is to find the right people and the right culture to eventually be one of those organizations, and it starts with me. I’m not shirking responsibility.”