ASVEL Lyon-Villeurbanne

ASVEL Basket, commonly known as ASVEL or sometimes as ASVEL Lyon-Villeurbanne, and also known as LDLC ASVEL for sponsorship reasons, is a French professional basketball team that is located in the city of Villeurbanne, which is a suburb of Lyon, France. The club, which is the basketball section of the ASVEL multi-sports club, competes in the top-tier level French Pro A League. The club's home games are played at L'Astroballe, which seats 5,556 people. Founded in 1948, the team is the most successful in French basketball with 21 Pro A championships and 10 French Cup titles. In 2014, Tony Parker became the president of the club. In 2017, Nicolas Batum became the club's director of basketball operations. In June 2019, football club Olympique Lyonnais's holding company OL Groupe purchased a 25% stake in the ASVEL men's team, plus a 10% stake in the ASVEL women's team, in a deal worth around €3.7 million. The deal also included a plan for a new EuroLeague-standard arena. History The parent club was founded in 1948, with the merger of two multi-sport clubs in Lyon and vicinity; ASVEL is an acronym combining the names of the predecessor clubs—Association Sportive Villeurbanne and Éveil Lyonnais. In its history, ASVEL has won 20 French Pro A League championships, 10 French Cups, two French Supercups, one French Federation Cup, and one Semaine des As Cup (French Pro A Leaders Cup), which makes it the most titled basketball club in France.