by Cedric ‘BIG CED’ Thornton
December 16, 2025
The San Antonio Spurs Corridor of Famer filed a lawsuit in opposition to his enterprise companion, Daniel Bassichis, alleging misappropriation of funds
NBA Corridor of Famer David Robinson lately filed a lawsuit in opposition to his enterprise companion, Daniel Bassichis, alleging misappropriation of funds and searching for $34 million in damages.
Based on the San Antonio Categorical-Information, the paperwork was filed Dec. 12 in Texas Enterprise Courtroom by Robinson, the Admiral Capital Group, and two of the group’s subsidiaries in opposition to Bassichis and his corporations, Vero Capital GP, LLC, and Us Residing Structured Fund LP.
Robinson claims that Bassichis diverted tens of hundreds of thousands of {dollars} to finance a brand new enterprise enterprise with out informing him. The previous basketball participant is accusing Bassichis of misappropriating $18 million from one of many Admiral Capital Group’s LLCs to Bassichis’ actual property enterprise with out getting approval from him.
The lawsuit alleged that Robinson’s enterprise companion breached fiduciary obligation, dedicated fraud, dedicated conversion, dedicated tortious interference, engaged in civil conspiracy, dedicated accounting fraud, and breached good religion and truthful dealing.
Robinson co-founded Admiral Capital with Bassichis, a former Goldman Sachs banker, in 2008; Robinson owns 51% of the corporate.
Bassichis did reply to Robinson’s lawsuit in an e mail to the media outlet.
“David and I’ve recognized one another for twenty-three years and have shared a protracted and profitable enterprise relationship. In 2022, David stepped down from the enterprise, and I continued as managing companion, overseeing the prevailing belongings and dealing to develop the enterprise in one of the best pursuits of our buyers. We’re happy with our monitor file and accomplishments. My crew stays terribly devoted to doing what’s finest for our buyers.
“Whereas disputes between companions sadly come up, this matter is an remoted enterprise disagreement concerning the wind-down of a number of belongings and associated points, and I’m assured it will likely be resolved rapidly,” Bassichis wrote.
Robinson is a two-time NBA champion (1999 and 2003) who performed his complete profession with the San Antonio Spurs from 1989 to 2003. With quite a few accolades all through his profession, he was named Most Invaluable Participant in 1995 and inducted into the Corridor of Fame in 2009.
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