Andrew Bogut has rejoined Sydney Kings as one of the team owners, the NBL franchise confirmed on Monday afternoon.
Bogut has taken a 10 percent ownership stake in the team just 12 months after he announced his retirement from the game.
"I am delighted to be formally joining the Sydney Kings ownership group," Bogut said via media release.
"In the next journey of my life after retiring from the great game of basketball, I look forward to continuing to help make the Sydney Kings the premier basketball franchise in the NBL."
NBL chief executive Larry Kestelman welcomed Bogut's return to the league, saying the former Kings centre's involvement was another endorsement for the direction the competition was heading.
"We are excited to welcome Andrew as a part owner of the Sydney Kings," Kestelman said.
"It is a big endorsement of the NBL that somebody of Andrew's calibre wants to enter the club ownership family and use his knowledge and expertise to help make the Kings and the league better. We are very much looking forward to him being a positive influence in continuing the strong growth trajectory of the league.
"Andrew made an enormous contribution to Australian basketball during his playing career and we believe he has just as much to give off the court.
"The Kings are a very important part of our league and Andrew's voice will only help them continue to grow their profile in Sydney and across Australia. They've played a vital role in the NBL's continuous growth over the past six years and we look forward to that progressing into the future."