Phil
Years ago
McPeake sells out of Tigers completely
Recently appointed Melbourne Tigers CEO, Michael Slepoy, and cousin Larry Kestelman (fellow Dodo Director and recently appointed Melbourne Tigers Chairman), are now the majority owners of the Melbourne Tigers Basketball Club.
At a scheduled board meeting earlier today, Slepoy and Kestelman increased their ownership share of the club by purchasing former majority owners Seamus McPeake and Grant Stephenson's shares.
McPeake last week vacated his position as CEO and today, after selling his shares, ended his official role with the club resigning as a Director of the Board.
McPeake joined the Melbourne Tigers in the mid 90’s as a sponsor and stepped in to help save the club from severe financial debt in the early 2000’s, taking on the role of CEO and Director.
Despite recent controversies, McPeake departs the club with an immense level of respect and appreciation for his contribution to the Melbourne Tigers and basketball in Australia over the past decade.
Joining McPeake in resigning from the board is long serving and highly regarded contributor Grant Stephenson. Grant, along with his wife Terri, contributed countless hours and financial support to the club.
Together with McPeake, the Stephenson’s contributed greatly in some of the club’s great moments including the NBL Championships in 2005/06 and 2007/08.
Other changes ratified at the Tigers board meeting today include the resignations of Directors Cliff Gale and Gerry Masters, as well as the appointment of long-term Dodo in-house Legal Counsel Mr Ilya Fisher to the Board in order to assist during the transition period.
The entire club would like to extend its appreciation for all outgoing Directors for their dedication and services.
The change at the top signifies a new beginning for the Melbourne Tigers, with Kestelman and Slepoy devoted to developing the most professional basketball organisation, and continuing the great Tigers legacy of family values and success.
