Jonas Valanciunas invests in EuroCup team / News - Basketnews.com

Jonas Valanciunas joins the BC Wolves ownership group.

Credit: Erikas Ovčarenko/BNS Credit Erikas Ovčarenko/BNS

BC Wolves, a Lithuanian basketball team established just 14 months ago, has garnered the attention of the New Orleans Pelicans center and Lithuanian national team captain, Jonas Valanciunas.

The 11-year NBA veteran has acquired shares in the BC Wolves through the "Basketball Holding Company," thereby becoming one of the club's investors.

According to the official announcement, this partnership was solidified by signing an investment agreement on Thursday. With this move, Valanciunas joins a lineup of over 10 Lithuanian and international business figures who share a belief in the BC Wolves vision.

"I'm thrilled to witness the emergence of a Lithuanian club that embraces innovative approaches and unconventional strategies," Valanciunas said. "The high goals set forth by the club's leaders have genuinely impressed me, mirroring the ambitions found in NBA franchises. I'm particularly drawn to their global perspective and commitment to nurturing young talent. I pledge to closely monitor the club's efforts and contribute to its growth."

BC Wolves competes in the Lithuanian Basketball League (LKL) and extends its presence internationally through participation in the EuroCup, widely considered the second-best European club competition.

The upcoming season will see the team host its home games at the Avia Solutions Group Arena in Vilnius, boasting a seating capacity of 10,000 people.

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