Isaac
Years ago
"[Stein] John Wall is buying an ownership stake in the South East Melbourne Phoenix (@SEMelbPhoenix) in Australia's @NBL, @NYTSports has learned Wall joins an ownership group headed by LA-based entrepreneur Romie Chaudhari and featuring several current and past NBA players"
KET
Years ago
Wonder how much capital all these NBA players provide for the club
Genuine question: what's in it for the players? Obviously, the clubs and NBL get a lot (marketing, exposure, recognition etc if not $). But if you’re a player why are you doing this? I don’t think NBL teams yield great returns (if anything!) and there’s limited capital growth in a relatively small market.
Aussie
Years ago
Genuine question: what's in it for the players? Obviously, the clubs and NBL get a lot (marketing, exposure, recognition etc if not $). But if you're a player why are you doing this? I don’t think NBL teams yield great returns (if anything!) and there’s limited capital growth in a relatively small market.
I could be wrong but I think a lot of players like the idea of owning/part owning a club because they love basketball.
It's a bit of a hobby for them. They learn about how business works too. They aren't in it for the money
Zodiac
Years ago
That's right they get to brag to everyone they know they part-own a basketball team and at the same time have the opportunity to learn how to run a sports team for the future when they're retired it might be an avenue they wish to go down.
KET
Years ago
It doesn't hurt to establish a working relationship with the likes of Chowdri
They don't contribute any capital...its effectively a gift for marketing.
How many of them are ever here to "hey learn about how business works" I call BS on that suggestion.
sixtiesrockstar
Years ago
It's not huge money for them compared to what they get paid, so is it something of a tax concession for these guys as it is an instant loss on earnings.
BALLER#3
Years ago
I honestly wonder if any of these players put actual money into this or its more the case of we will give you 5% ownership for a few shoutouts and a visit once a year.
Zodiac
Years ago
I would be surprised if it were even as high as 5%.
Gay Rordon
Years ago
I have it on good authority that all the big time NBA guys get quite a fair bit in return for allowing their name to be used for clout chasing by the Phoenix.
-FREE subscription to NBL TV valued at $5 AUD per month
-An SEM Phoenix goodie bag with awesome merch. Can you really put a value on a game worn Adnam or Stephens jersey? Or a "game worn" Armstrong one that smells like it hasn't got a drop of sweat on it?
-25% of all purchases made at the stadium cafeteria. That's less than a hundy for 2x beers and a hotdog.
It's really quite a deal.
Gay Rordon
Years ago
I have it on good authority that all the big time NBA guys get quite a fair bit in return for allowing their name to be used for clout chasing by the Phoenix.
-FREE subscription to NBL TV valued at $5 AUD per month
-An SEM Phoenix goodie bag with awesome merch. Can you really put a value on a game worn Adnam or Stephens jersey? Or a "game worn" Armstrong one that smells like it hasn't got a drop of sweat on it?
-25% of all purchases made at the stadium cafeteria. That's less than a hundy for 2x beers and a hotdog.
It's really quite a deal.
Curtley
Years ago
Serious question - are WNBA clubs worth more than NBL clubs?
C'mon, it's like a bunch of blokes buying a 1/20th share in a racehorse for a grand or so. Guy at work bragged how he owned a racehorse, then came clean. I think it's best finish is 7th in 5 starts, won't be long before it's in a tin of chum.
Be exactly the bragging rights Wall and others will have, I own a pro basketball team in league where Melo hooped. Unfortunately for him the Phoenix will probably have the same return of the horse.
LoveBroker
Years ago
Very few clubs if any make money these days.
So the driver to own a club (partial or wholly) isn't for wealth creation.
Its probably a hobby, but nonetheless it is great to have John Wall's name join the NBL.
Michael Harris played more minutes for Sixers last season than Walls played in last 2 years.
And apparently he's outraged that Washington announced they're building around Beal so demanded a trade.
Jeff
Years ago
Think this is a great thing for the NBL and the club. So what if an NBA star wants to attach themselves to a product. Shows the confidence and faith in where the league is positioned globally and the clubs direction. It's good thing for the NBL and the Phoenix. Celebs buy into brands for a whole lot of reasons, including it being a vehicle to other business introductions and partnerships.
I think Wall found some loose change in the back of his sofa and donated it to his new team.
"Celebs buy into brands for a whole lot of reasons, including it being a vehicle to other business introductions and partnerships."
So how will this play out if they are never here?
robt
Years ago
"So how will this play out if they are never here?"
Will hardly matter, now. With all the "virtuality" going on through-out the business, personal, sports and any other world.
I don't think that Virtual stuff helps in this case. You need to be hands on IMO to gain that experience.
You don't need to be onsite to network. Think of who else is in the Phoenix ownership group that might open doors for him.
So Childress, Wall, Exum, have money in, who else.
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An Australian basketball forum covering NBL, WNBL, ABL, Juniors plus NBA, WNBA, NZ, Europe, etc | Forum time is: 1:43 pm, Wed 25 Dec 2024 | Posts: 968,026 | Last 7 days: 754
