TrevorTorrance
Earlier this year

Perth Lynx New Owner

https://wnbl.basketball/perth/news/transition-of-perth-lynx-wnbl-licence/

and SEN is new management

https://www.sen.com.au/news/2024/06/13/sen-enters-management-rights-agreement-with-new-perth-lynx-owners/

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Another Anon  
Earlier this year

Wait.... so they're on the verge of selling majority stake in Wildcats but buy into Lynx?
I wonder where Danny Mills will be very soon??

Reply #942626 | Report this post


Grimace  
Earlier this year

I feel like SEN has decided it likes running basketball teams more than it likes being the majority owners.

It sounds like a good model, get many interested buyers to form an ownership group, maintain a minority stake but act as the management company.

Reply #942655 | Report this post


TrevorTorrance  
Earlier this year

How loaded are the new Perth owners- the wife runs a small ecomm biz and husband is a consultant with a US firm. They do own a 3.5 million house in Cottesloe but do they have the deep pockets this club needs?
They also invested 100k into SEN last year. Very weird set up!
I guess the sale of the Wildcats isn't happening then?

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Perthworld  
Earlier this year

Wow... wait, what? So new owners are buying basketball teams and handing them over for management purposes to SEN? Okay, good luck with that.

Reply #942687 | Report this post


QuokkaWoylie  
Earlier this year

What I haven't found info on is how is SEN allowed to run 2 clubs in the same comp? It's hardly ethical and I can't remember another situation in pro sports where it has happened.

I'm glad Perth have a bit of stability with new ownership now. Basketball West weren't bad, but it always felt the team was existing on a year to year basis. That seemed to cost them their best (in modern terms) player.

Reply #942754 | Report this post


koberulz  
Earlier this year

It's hardly ethical and I can't remember another situation in pro sports where it has happened.
Kestleman had half the NBL teams for a while.

Reply #942758 | Report this post




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