After his international retirement at the Rio Olympics in 2016, Tony Parker, considered by his peers as the best French basketball player in history, announced the end of his career on Monday, June 10. But if he retires sports, quadruple champion NBA does not mean stop all activity. Already well introduced to the business world, Tony Parker intends to pursue a career as a businessman. To invest in new projects and to grow them, he already has a substantial fortune.
Champion of Europe in 2013 with the France team, the playmaker has evolved for 18 years in the NBA, including 17 at the Spurs of San Antonio. He earned a lot of money over the years and earned over $ 163 million in salaries (144 million euros) in total, according to the HoopsHype website. Tony Parker has thus regularly been at the top of the ranking of the team of the best-paid French sportsmen of the year. Especially since his income was not limited to his gains pocketed with the Spurs.
The basketball player has also benefited from his contracts with various brands. If he has today reduced the wing, he sold a few years ago his image to a dozen of them, including Nike, subsequently replaced by the Chinese equipment manufacturer Peak, as well as Kinder Bueno, SFR, Quick , Renault or Betclic. NBA salaries, therefore add around 7 million euros per year collected through its partnerships.
Tony Parker still has three partner brands
The young retiree remains a partner of the Swiss watch brand Tissot, as well as the Puressentiel laboratory, specializing in aromatherapy, and the manufacturer of syrup and fruit juice Teisseire. Tony Parker would now prefer to focus on a few brands to earn his reputation and involvement in exchange for shares, according to L'Equipe.
“ Tony no longer needs to be visible, to make the partnership classic.PT brand is now recognized,” said his lawyer Didier Domat already in February 2018.
At 37, Former basketball player would therefore prefer action to appearance. He has invested some 40 million euros internationally, in new technologies and to acquire assets in companies specializing in real estate development.
He also owns the Asvel
In 2009, Tony Parker takes a 10% stake in Asvel . Then, in 2014, he became the majority shareholder and president of the Lyon-Villeurbanne basketball club. His former teammate from France, Nicolas Batum, has since entered the capital of Asvel. In 2016, the club won the title of champion of France. And last year he received an invitation for the prestigious Euroleague, which Asvel will play from next season.
Tony Parker would have invested up to more than 7 million euros. He is currently in discussions with Jean-Michel Aulas for the president of Olympique Lyonnais to take a minority stake in the basketball club.
The former basketball player has founded an academy where young people can combine passion for sport and studies
Very invested in his sport, the former captain of the France team is – with Nicolas Batum and former basketball player Gaëtan Muller – Tony Parker Adéquat Academy, which is due to open this summer in Lyon and welcome its first promotion in September. Young people over the age of 15 will be welcome to live their passion for basketball while pursuing their studies.
Located in the district of Gerland, this campus must include four buildings, in the heart of a student residence of 400 homes.
Tony Parker also bought a ski resort
Last May, Tony Parker became with his associates the majority shareholder, 76.9%, of the company SEVLC which exploits ski resorts Iséroises Villard-de-Lans and Corrençon-en-Vercors. At his side, there is still his friend Nicolas Batum, which he was the team-mate during this last season at the Charlotte Hornets, as well as the president of the Lyon-Asvel women's basketball club, Marie-Sophie Obama.
Tony Parker has said he wanted to develop the resort of Villard-de-Lans in the four seasons of the year, while maintaining his family spirit, according to Reuters. Local elected officials rely on the notoriety of the former basketball player to attract new investors. They hope to reach the goal of a thousand more beds within six years.
And he contributed to the production of the movie “The Birth of a Nation”
Tony Parker and his former Spurs teammate Michael Finley teamed up to co-produce the film “The Birth of a Nation”, directed by Nate Parker and released early 2017 in France. this feature film won the Grand Jury Prize and the Audience Award at the American Sundance Film Festival, dedicated to independent films.
Besides cinema, Tony Parker has already tried music. In 2007, he had released an album entitled “Tony Parker”, in which included the clip “Balance-you”. But critics and mixed sales have discouraged him from continuing in this direction. He also created in 2013 his brand name, called “Wap Two”. But the project seems today in stand-by, reports L'Equipe, while the official website is no longer accessible on the internet.
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