December 16, 2025
The San Antonio Spurs Hall of Famer filed a lawsuit against his business partner, Daniel Bassichis, alleging misappropriation of funds
NBA Hall of Famer David Robinson has recently filed a lawsuit against his business partner, Daniel Bassichis, alleging misappropriation of funds and seeking $34 million in damages.
According to the San Antonio Express-News, the paperwork was filed Dec. 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 is accusing Bassichi of misappropriating $18 million from one of the Admiral Capital Group’s LLCs to Bassichi’s real estate venture without getting approval from him.
The lawsuit alleged that Robinson’s business partner breached fiduciary duty, committed fraud, committed conversion, committed tortious interference, engaged in civil conspiracy, committed accounting fraud, and breached good faith and fair dealing.
Robinson co-founded Admiral Capital with Bassichis, a former Goldman Sachs banker, in 2008; Robinson owns 51% of the company.
Bassichi did respond to Robinson’s lawsuit in an email to the media outlet.
“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 business, and I continued as managing partner, overseeing the existing assets and working to grow the business in the best interests of our investors. We are proud of our track record and accomplishments. My team remains extraordinarily dedicated 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 several 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) who 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 inducted into the Naismith Memorial Basketball Hall of Fame in 2009.
RELATED CONTENT: Stand Up! Georgia State Reps And Law Enforcement Rebuke Sheriffs’ Group For Seeking Fees From Sexual Assault Survivor Judge Glenda Hatchett
