Paulius Motiejunas regains majority control of Zalgiris Kaunas

Žalgiris Kaunas has reported that Paulius Motiejūnas has reclaimed 55% of the club's shares after transferring them temporarily to Paulius Jankūnas when he took on executive duties at the EuroLeague. With his departure from that position, the executive has exercised the buyback option already included in the initial agreement, allowing him to resume the role of the club's major shareholder.

This move was part of a previously established process and does not imply any structural change in the club's operations. While Motiejūnas led the EuroLeague, the share transfer was seen as a measure to prevent potential conflicts of interest, ensuring transparent management both in the continental competition and within the Žalgiris organization.

Currently, the share ownership structure is once again divided, with Motiejūnas as the majority owner, while the technology group Tesonet retains the remaining 45%. This distribution enhances the institutional stability of the club, which has experienced sustained growth in both sporting achievements and organizational aspects in recent years.

No Changes in Daily Management

From Žalgiris, it has been emphasized that this operation will not affect the team's day-to-day activities or its overall strategy. Paulius Jankūnas continues as president, and Gediminas Navickas remains in charge of sports management, ensuring continuity in squad planning and sporting decisions.

On the other hand, Motiejūnas will not return to the frontline of the club's operational management, as he maintains his role as the Director of the Žalgiris Group, overseeing the organization's global strategy, including commercial areas, business development, and infrastructure.

The Lithuanian club has insisted that the transition has been carried out in an orderly manner and according to plan, without causing uncertainty or disruptions in internal dynamics. In this way, Žalgiris Kaunas aims to strengthen its management model based on institutional stability and the continuity of its key leaders.

This news is an automatic translation. You can read the original news, Paulius Motiejunas recupera el control mayoritario del Zalgiris Kaunas