LC
Years ago
Exum, who is preparing for his next season with the Utah Jazz, saw his decision to join the Phoenix as a way to establish a deeper relationship with the city of Melbourne.
Dante Exum joins South East Melbourne Phoenix ownership
This just in...
Simmons buys the whole league with the money he found in his shoe.
That was unexpected
Is Dante fit and healthy? If so why isn't he playing for the boomers?
Can a NBL team owner play in the NBL?
Andrew Vlahov was a player/owner of the Wildcats
Ok Mr snappy
Did you read the article?
It suggests that he preparing for the upcoming NBA season.
Andrew Vlahov was a player/owner of the Wildcats
So he can still play for sem when he retires from the NBA. Nice
Isaac
Years ago
I wondered if this was purely a publicity move. e.g., SEM offer Dante a small stake at no cost. Maybe they just ask for quotes for the press release or do it in exchange for an appearance each time he's in town. Low risk for him, assuming he's not on the hook for costs/losses, and gives them headlines for the cost of a stake in a business of difficult to determine value.
How much is a NBL team worth?
How many owners does sem have now?
Lol how many "owners" does one team need?! Also will be interesting to see if the owners can stay professional considering a lot of the guys on the team are also friends with the staff/management. I mean, are they going to be hitting the clubs together? Seems a bit sketchy.
Lol how many "owners" does one team need?
5 or 6 but no more than 7
They're not owners, they're governors
It does say ( Dante Exum buys into SEM Phoenix)
Reality
Years ago
The owner is giving them a small number of shares to help build the brand and spread the cost base.
Effectively its a gift but with a responsibility to contribute to costs in the event they are incurred.
Dante Exum buys into SEM Phoenix
Basketball has skyrocketed in Australia, with the sport more popular than ever and worldwide recognition at an all-time high. The direction of the NBL and Australian basketball globally was a significant factor behind the investment from the Australian star.
"It's an honour to be joining the investment group of the South East Melbourne Phoenix," Exum said. “Melbourne has played a key role in my basketball journey and the chance to be involved in the ownership group of the SEM Phoenix is a perfect way to further that strong connection with the city. I look forward to seeing the continued growth of the NBL and much success and excitement for the team and the city of Melbourne.”
I don’t see where in the interview the part about it’s been given to him. It looks like he has invested in the team but I’m probably wrong. Sem already has 3 ex NBA players investing for free? Why would they need another one ? It’s hard to see them giving away that many shares, Maybe.
It’s a good thing for the team and for the NBL. Who will be the next Australian NBA player to buy into an NBL team? Cairns , Brisbane or the hawks could benefit a lot from someone like them.
Reality
Years ago
You can issued thousands of shares or millions if you wish so the actual value of these are nominated as opposed to trade on a free market.
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