Cibona Opens New Chapter: Club Transformation Begins

Basketball club Cibona is embarking on a significant restructuring, transitioning from its current association model to a sports joint-stock company. This move marks a crucial step towards establishing a more modern, stable, and responsibly managed organization.

The process begins with the first round of share subscriptions, set to run from August 31 to September 8, 2026. Existing creditors with undisputed claims of at least 100 euros, as of December 31, 2025, are eligible to participate. They can subscribe to shares through monetary payment, by transferring their claims, or a combination of both.

The minimum required share capital for the new company is 2.6 million euros, with a maximum of 3.99 million euros. A key condition for the successful implementation of the transformation is that at least 1.6 million euros must be paid in cash.

Cibona's director, Tomislav Šerić, emphasized that this transformation is more than just a legal change. It's about building a sustainable model based on transparency, clear ownership, and professional management. The goal is to foster player development, regain European competitiveness, and operate on sound financial principles, all while preserving Cibona's identity and heritage.

The transformation has received necessary approvals from various institutions, including the City Assembly of Zagreb, the Croatian Basketball Federation, and the Ministry of Tourism and Sports. The newly formed KK Cibona d.d. will be the legal successor to the existing association, ensuring continuity of its history and legacy.

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The transformation process is not just a change of the Club's legal form, but a crucial step towards creating a modern, stable, and responsibly managed Cibona. After a demanding period where the priority was to ensure the Club's operational continuity, we are now moving into the phase of building a long-term sustainable model based on transparent operations, a clear ownership structure, and professional management. A sports joint-stock company will open up opportunities for new investments and further development, while fully preserving Cibona's identity, history, and values. Our goal is to build an organization that develops players, is competitive again at the European level, and operates on healthy foundations.