Through Carlo ‘BIG CED’ Thornton
December 16, 2025
The San Antonio Spurs Hall of Famer has filed a lawsuit against his business partner, Daniel Bassichis, alleging misappropriation of funds
NBA Hall of Famer David Robinson recently filed a lawsuit against his business partner, Daniel Bassichis, for embezzlement of funds and seeking $34 million in damages.
According to the San Antonio Express Newsthe paperwork was filed December 12 in Texas Business Court by Robinson, the Admiral Capital Group and two of the group’s subsidiaries against Bassichis and his companies, Vero Capital GP, LLC and Us Living Structured Fund LP.
Robinson claims that Bassichis diverted tens of millions of dollars to finance a new business venture without informing him. The former basketball player accuses Bassichis of embezzling $18 million from one of Admiral Capital Group’s LLCs to Bassichis’ real estate company without getting permission from him.
The lawsuit alleged that Robinson’s business partner breached fiduciary duty, committed fraud, proselytizing, tortious interference, engaged in civil conspiracy, committed accounting fraud and breached good faith and fair dealing.
Robinson co-founded Admiral Capital in 2008 with Bassichis, a former Goldman Sachs banker; Robinson owns 51% of the company.
Bassichis responded to Robinson’s lawsuit in an email to the media.
“David and I have known each other for twenty-three years and have shared a long and successful business relationship. In 2022, David stepped down from the firm and I continued as managing partner, overseeing existing assets and working to grow the firm in the best interests of our investors. We are proud of our track record and achievements. My team remains extremely committed to doing what is best for our investors.
“While disputes between partners unfortunately arise, this matter is an isolated business disagreement regarding the wind-down of various assets and related issues, and I am confident it will be resolved quickly,” Bassichis wrote.
Robinson is a two-time NBA champion (1999 and 2003) and played his entire career with the San Antonio Spurs from 1989 to 2003. With numerous accolades throughout his career, he was named Most Valuable Player in 1995 and initiated into the Hall of Fame in 2009.
RELATED CONTENT: Get up! Georgia State Representatives and Law Enforcement Officials Reprimand Sheriff’s Group for Demanding Compensation from Sexual Assault Survivor Judge Glenda Hatchett
#NBA #legend #David #Robinson #sues #business #partner #million