Steve Kerr became a minority owner in La Liga’s Mallorca, the team announced on Tuesday.
The move comes after team president Andy Kohlberg became the majority owner last month after purchasing Robert Sarver’s shares.
“Andy Kohlberg and I have been friends for many years,” Kerr said. “We were together this summer. He told me there was a shift in the ownership group and he offered me the chance to be part of the new investment group.
“I was so excited, having been in Mallorca last summer watching a game, following the team and becoming a fan. It was a really exciting opportunity and I jumped at it.”
Mallorca finished ninth in La Liga last season.
