{
  "id": 16195197,
  "title": "Scranton sells Joventut de Badalona to a Lithuanian group and Ricky Rubio enters the club's capital",
  "url": "https://urgent.news/2026/10/23/scranton-vende-a-un-grupo-lituano-el-joventut-de-badalona-y-ricky",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-23T14:28:52.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/catalunya/2026/10/23/scranton-vende-grupo-lituano-joventut-badalona-ricky-rubio-entra-capital-club.html"
  },
  "original_language": "es",
  "account": "Scranton Enterprises, a holding company linked to the Grifols family, has sold its majority stake in Joventut de Badalona, a Catalan basketball club, to Confluence Valley, a Lithuanian group that owns Žalgiris Kaunas. The deal, which sees Confluence Valley become the new majority shareholder, was accompanied by a separate investment from Ricky Rubio, a former Joventut player, who has taken a minority stake. Scranton Enterprises had acquired control of Joventut in 2018 when the club was on the brink of liquidation and has since increased its stake to 86%, helping to stabilize the club's finances. The company will remain a minority shareholder and financial partner.",
  "summary": "The holding company linked to the Grifols family took control of the Catalan entity in 2018, when it was on the brink of liquidation.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}