Earlier this year
NBL looking to sell Bullets for $5-10m
NBL owner says Brisbane Bullets on market but won't be sold to the wrong buyer
NBL owner Larry Kestelman says the Brisbane Bullets are on the market for between $5 million and $10 million but will only sell the club if he can find buyers who are in it for the right reasons.
"Melbourne is a more evolved business. We’ve spent six years on Melbourne and Brisbane it has been two.Full story
“I generally don’t think the NBL should own clubs longer term. I’ve got no problem with the league starting clubs up if that’s what’s needed.
“In a perfect world I would have the league in no way having controlling interests of any clubs.’’
I suspect these numbers are trying to frame the discussion as much as anything. Not sure how you'd get to $5m for Brisbane? I also wonder if now is the time to push this sale? Melbourne, sure. But with Brisbane, why wouldn't you wait until they're out of the cellar?