hoopie
Last year

Big article on Larry K

in this morning's Age newspaper, in the Good Weekend section

Topic #41735 | Report this topic


Aussie  
Last year

Great read too.

It's also on the NBL Facebook page

Reply #645515 | Report this post


NBL Fan  
Last year

Interesting that it says Larry now owns 94% of the league with every team agreeing to a share buy-back except for Perth.

Reply #645516 | Report this post


SteveK2  
Last year

He's made a nice pile o' moolah since his early BRW rich list days! That's a pretty strong warchest backing up his fight to make this sport among the top in Oz.

Reply #645525 | Report this post


Anonymous  
Last year

Perth was the only club not to agree... no surprise there.

Reply #645526 | Report this post


Anonymous  
Last year

You would think if LK owns 94% of the NBL the Wildcats should be matching the extra additional 6% on top of the capital he has put in.

Reply #645527 | Report this post


Anonymous  
Last year

https://bit.ly/LKhoopdreams

Reply #645528 | Report this post


KET  
Last year

2 live games a week on SBS including the sat arvo twilight game sponsored by Kmart

Reply #645534 | Report this post


Haz  
Last year

Very good article. Gives me a lot of confidence in LK. Also nice to know hes a lot richer than i initially thought!

Also mentioned that SBS will broadcast 2 games a week next season with a Saturday night 5.30 fixture for those interested. Sweet.

Reply #645535 | Report this post


Zodiac  
Last year

Good to hear about the two live games each week on SBS this season.

Reply #645536 | Report this post


Anonymous  
Last year

He's done a fair bit of good for the league, But I still have a big problem with him owning 2 teams as well as the league.

Reply #645537 | Report this post


Anonymous  
Last year

Great read for basketball supporters, two games on free to air plus the Nbl app, much better than paying for fox.

Reply #645538 | Report this post


Anonymous  
Last year

5:30 on Sat? Seriously?

Reply #645542 | Report this post


bron  
Last year

are they still showing the games on fox?

Reply #645544 | Report this post


Anonymous  
Last year

Did you read the article?

Reply #645549 | Report this post


Anonymous  
Last year

What betting agency did he own?

Reply #645554 | Report this post


Anonymous  
Last year

Wow money makes even more money.

Reply #645555 | Report this post


Anonymous  
Last year

Thats the most Perth thing of all Perth things to not be part of the but back scheme. LK is the saviour of NBL basketball period. Money passion for the game smarts great combo.

Reply #645559 | Report this post


Anonymous  
Last year

Say what you want about the man and owning a few teams in the league but he's invested. He's only going to do things that make it better because he's balls deep in it.

Reply #645571 | Report this post


Anonymous  
Last year

Those criticising Perth's decision to not be part of the buy back, please explain how it all works and what the pro's and con's are for each club.

Reply #645572 | Report this post


Manu Fieldel  
Last year

These longform yarns are good, but the next step is making the league a staple of daily sports sections/bulletins

Reply #645574 | Report this post


Anonymous  
Last year

We will never know LK owned 51% of the NBL, now 94%. It's his baby and it's almost as if Marvin is still in charge rebelling against the ownership. Oh BTW how is the search for his replacement going?

Reply #645578 | Report this post


Anonymous  
Last year

Um they replaced him weeks ago...

Reply #645580 | Report this post


LoveBroker  
Last year

There are 8 Pizza Franchises in WA.

Shops 1 through to 5 perpetually lose money.

Shop 6 breaks even.

Shop 7 makes a meager profit.

Shop 8 makes almost $1m a year.

Someone comes in promising to take care of everything but it must own all the franchises for the deal to go through.

Its a no brainer for Shops 1 - 7, as Franchisee #8, would you just simply give up a $1m a year company because the other 6 cannot sustain themselves financially and one other is barely keeping their heads above water?

Reply #645581 | Report this post


Cram  
Last year

"LK the Savior of the league". I'll believe that when any sustainability is proven in the model. Until then he's putting on a good show but hasn't saved anything

Reply #645584 | Report this post


Anonymous  
Last year

Dunno. Havne't read anything, ho is he / she?

Reply #645586 | Report this post


Zodiac  
Last year

The Wildcats have been rightly criticised in the past for their insular 'us against the world' mentality but in this instance I think they're justified in not selling their team or whatever back to the NBL and thus LK.

If he wanted to buy back the other teams and increase his ownership stake to 94% that his business and the Wildcats would know owning 100% would be easier for him to sell off in the future.

Reply #645587 | Report this post


KET  
Last year

I doubt there's much media revenue pie to collect a share of

Reply #645588 | Report this post


Anonymous  
Last year

Zodiac, LoveBroker and orhers - it wasn't a buyback of the teams. It was of the league entity. Learn to read. Shocking comprehension skills on here.

Reply #645590 | Report this post


Anonymous  
Last year

others*

Reply #645591 | Report this post


Anonymous  
Last year

Cram you are so ungrateful. LK poured $7mil into the league. At least something different has been tried instead of the halfarseness of the past.

Reply #645592 | Report this post


Anonymous  
Last year

Someone tell Grant Kelley the Sixers franchise he bought a few months ago isn't his because LK bought it in a buyback LOL. Man the school system is so poor nowadays no one even knows how to properly. All-time classic Hoops brain fade this one.

Reply #645593 | Report this post


Anonymous  
Last year

read properly*

Reply #645594 | Report this post


Anonymous  
Last year

Still waiting for someone to explain in detail what the buy back was about, and the pros and cons for each club.

Reply #645595 | Report this post


Anonymous  
Last year

The LKG only wants to get into China. That door has already been closed and they already know that. They are trying to go around the backdoor and that won't work either. Chinese expansion is their agenda. It's only a matter of time before everything implodes.
Wellington won't pay a licence fee to join and that's another stumbling block for expansion. Tassie are on the radar too. Golds Coast yet again with half the games meant to be played in China.
Tipping point looming soon.

Reply #645598 | Report this post


Anonymous  
Last year

Anon #645595 it's in the article - he wanted complete control to make decisions himself directly instead of waiting on confirmation from eight separate member shareholder clubs.

Again another person who didn't comprehend the article.

Reply #645600 | Report this post


Anonymous  
Last year

#600 you didn't comprehend my question. I asked what was in it for the clubs, not for LK. I want to know what the specifics of his proposal were so we can weigh up whether it was in the best interests of all the clubs. If you can't answer that, stop talking.

Seems some people think its ok to criticise things without having a clue what they're talking about.

Reply #645620 | Report this post


Anonymous  
Last year

Anon fight!

Reply #645639 | Report this post


Anonymous  
Last year

#620 LK gets complete control to not have to ask for permission to go forward in any deals the league makes. The benefit for the clubs is he goes ahead and forges all sponsorship ties, broadcast deals, links with China & USA etc. Basically what he is doing now. They worry about the club side he worries about the league as a whole. As a club you have enough on your plate in your own backyard to be also worrying about league-wide matters like sponsorship. Most leagues don't have clubs as shareholders, that structure was stupid anyway. Back then Marvin was vetoing everything. Pretty simple.

Reply #645641 | Report this post


Anonymous  
Last year

Right, so you don't know specifics of the finances (and this was a financial decision for the clubs), you just repeat that LK wants control, and then you end your rant with a lie like "Marvin vetoed everything, its so simple" just so you leave no doubt that you don't know what you're talking about.


All 8 clubs are in different financial positions. As LoveBroker touched on before, what might be a good deal for some clubs may not be a good deal for another.

Reply #645667 | Report this post


Anonymous  
Last year

Great article.

In the article it says 725,749 was the total attendance for the 2016-17 season.

Does anyone know what the total crowd was for the first two LK seasons of 2014-15 & 2015-16?

Reply #645679 | Report this post


Anonymous  
Last year

As positive an article as it is, it neglects one crucial fact. Larry is paying out of his own pocket for television coverage. Anything up to $7 million this season alone. The clubs are making nothing from TV revenue - ask the powerbrokers at the AFL or NRL how long they'd last without the mega dollars from their respective TV deals.

While that situation with the NBL and TV remains the norm, the league is at serious risk. Yes, LK has done some awesome things. But he is yet to truly 'save' the NBL. That's why the China thing is such a key for him. If he can convince the Chinese networks to pony up some money in broadcast rights, tied to a potential Chinese entrant in the NBL, then you really might be able to say the sport in this country has been saved. Right now, as good as things have been over the last couple of years, there's still a big question mark as to the long term sustainability.

Even Mike Wrublewski, as passionate about the Kings as he was, ended up walking away from them. It's not beyond the realms to think that LK could do the same.

Reply #645694 | Report this post


koberulz  
Last year

Does anyone know what the total crowd was for the first two LK seasons of 2014-15 & 2015-16?
Kestleman came in after the 2014-15 season.

Reply #645696 | Report this post


Anonymous  
Last year

Answer the question.

Reply #645700 | Report this post


Anonymous  
Last year

So what were the total crowds for the seasons of 2014-15 & 2015-16?

Reply #645706 | Report this post


Anonymous  
Last year

Probably significantly less, considering Townsville and the Hawks were barely existing.

Reply #645713 | Report this post


Anonymous  
Last year

Kestleman came in after the 2014-15 season.

What was the total crowd figure for the two seasons of 2014-15 & 2015-16?

Reply #645759 | Report this post


Anonymous  
Last year

"A little more than two years later, head office has switched from survival mode to an aggressive expansionist stance. The size of the workforce, not including club staff or players, has quadrupled to over 500."

Over 500? That has to be a typo right?

Reply #645908 | Report this post


Anonymous  
Last year

That also drew a WTF from me. The 500 if correct would include a lot of casuals or shared staff from LK's other businesses.

Reply #645920 | Report this post




 

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