Anonymous
Years ago

Kestelman NBL ownership timeline

Kestelman's proposal was supposedly to take a 51% ownership for THREE years, "return the league to profitability," then step aside and reduce his ownership to 26%.

So what happened?

Whether you like what he's done or not, his 3 years is up.

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koberulz  
Years ago

Kestelman's proposal was supposedly to take a 51% ownership for THREE years, "return the league to profitability," then step aside and reduce his ownership to 26%.
No it wasn't.

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Anonymous  
Years ago

/end thread

Reply #702155 | Report this post


Very Old  
Years ago

NSFW, NN warning

Reply #702157 | Report this post


Thunder Jam  
Years ago

Isaac, Do you find this thread title acceptable?

Reply #702158 | Report this post


Anonymous  
Years ago

Kestleman is the man. I don't know how you like your NBL but I like it in the form of alive.

Reply #702160 | Report this post


ME (he/kangaroo)  
Years ago

Probably a fan of a rural team who hates progress.

Reply #702161 | Report this post


CT  
Years ago

probably a salty Perth fan who can't stand another team outspending them.

Reply #702162 | Report this post


WookieE  
Years ago

And the award for the biggest dickhead thread goes to...

Reply #702168 | Report this post


Anonymous  
Years ago

I was looking up a definition for the word ungrateful and was redirected to this thread.

Reply #702170 | Report this post


proud  
Years ago

Ok I'll bite... so if he only has 26% ownership then does that other 25% go back to NBL teams, the NBL as an administration or other means?

In this form what limitations would that represent, what couldn't he do?

Can we get rid of First Ever?

Reply #702176 | Report this post


Anonymous  
Years ago

The deal was that others could buy back a share after a certain period *if* they weren't happy with the way things were going. Clearly, things are going in the right direction, so I doubt we'd see them change things now.

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Anonymous  
Years ago

Plus Nick "Veto" Marvin is gone so less petulance present now.

Reply #702188 | Report this post


AD  
Years ago

3 years does ring a bell, but 3 years from when?

Part of the problem is that we only had Boti (and others) reports of what was supposedly offered (and initially rejected?) and don't know what the final deal actually was.

Certainly my understanding was that it was for a finite period, but as I said we don't know the details of the final agreement.

Reply #702190 | Report this post


Anonymous  
Years ago

If LK didn't come on board the NBL would have been the SEABL 2 years ago. And we all know how well that has turned out!

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Anonymous  
Years ago

Everyone has their own views and gripes but mine is the nbl is doing well. First of all we have a national league which at one point looked shakey. The standard is very good, have a TV deal which admittedly is a wait and see how it goes. There's expansion in the horizon with a slow but safe process instead of teams coming in and folding within a couple of years. We play NBA teams as warm up games and seem to have a good relationship there with players and teams seeing it as a good development league.
Now not to say it's a perfect thing, but it's there and thanks should go to LK. He may well be looking after his own interests but who else was stepping up to the plate and pumping money in. The OP sounds like he has some issues with his original language and ranting, go watch cricket or netball buddy.

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Anonymous  
Years ago

98% ownership is the word. The new owner has more money than sense Kestleman found a woodchuck and sold a licence with no home for $5MILL. He had the chance to sell the Bullets but that was a pickup. Tasmania will need to be careful with their bid.

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Anonymous  
Years ago

$5mil? Nice!

Reply #702215 | Report this post


ME (he/kangaroo)  
Years ago

People who have an issue with Kestelman's leadership have very short memories, that's all I can be bothered to say on the matter right now.

Reply #702227 | Report this post


Very Old  
Years ago

how many want to see this returned to the "grass roots" via BA?.... I'm quite happy with the entitled Bus driver when I see the long line of failed, recycled and dangerously incompetent alternate drivers waiting at the curb

Reply #702229 | Report this post


ME (he/kangaroo)  
Years ago

Problems before Kestleman - the league may be forced to fold, completely gutting perhaps the most important organization in Australian basketball.

Problems during Kestleman - "Waaah, teams are spending too much on players, and MY PARTICULAR TEAM doesn't get to play against NBA teams."

Whinging bloody bitches. No appreciation whatsoever. People who rail on Kestleman like this should be banned from watching the league. It's one thing to have genuine gripes but this insane hatred is beyond the pale.

Reply #702233 | Report this post


Anonymous  
Years ago

Pre-LK everyone was wondering when will we get our Lowy type benefactor etc. We finally get one and still people aren't happy. Ungrateful.

Reply #702237 | Report this post


Anonymous  
Years ago

NO guarantee he will stay that is the issue.

Reply #702239 | Report this post


PeterJohn  
Years ago

"most important organization in Australian basketball"

People continue to identify the health of the sport with the health of one competition. Health of a sport is usually measured by participation levels in the population and results on the international stage.

Population participation in organised basketball in Australia has borne no relationship with the popularity, size, viability or public profile of NBL over the last 25 years. Organised basketball participation has grown in line with population growth throughout that period, based on Australian Sports Commission and Australian Bureau of Statistics data. In the meantime, the NBL has seen booms in popularity, busts in popularity, variable profile through TV and media coverage, multiple team failures and multiple new teams.

I'll accept that the question of whether participation might have fallen if the NBL ceased to exist, is an open one. But so is the question of whether the NBL would have ceased to exist without Kestleman's purchase of the league.

One area where I think the NBL has become more important in recent times is international performance, with the change to the FIBA qualification process. The NBL now delivers whole squads for that process, which was not the case for the decade or so beforehand. That has made the NBL more important to the health of the sport itself, through a more direct contribution to Australia's international results.

Kestleman has changed the NBL significantly and it's probably overall for the betterment of the league. In saying that, I note that we don't know if the league today is truly a commercially sustainable proposition.

It remains to be seen whether that betterment of the NBL leads to any improvement in the health of the sport of basketball in Australia. It's quite possible things like introducing 3x3 will have a greater impact on participation than improving the commercial viability of the NBL. Internationally, the performances of Australian players in overseas leagues will have more impact on the international results that matter, than the NBL's success or failure.

Reply #702242 | Report this post


paul  
Years ago

From memory, Kestelman said if after three years the clubs weren't happy with progress under his ownership he would give them their stakes back. With things going well, likely there weren't too many takers.

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ME (he/kangaroo)  
Years ago

And that's just it - THINGS ARE GOING WELL!

I defy anyone to show me a single metric by which the NBL has not consistently improved since LK has been in, every single season he's been in. There is none. Although the league is still fighting to become sustainable it certainly has far promise of doing that than it ever did, with record crowds and increasing sponsorship and TV relevance.

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Anonymous  
Years ago

It's a shame that they do very little community work as used to happen in the long ago past. That's always overlooked. "But they are doing so well"

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Anonymous  
Years ago

^

How? Melbourne United have full time staff for this purpose, and are constantly doing programs and visiting schools. They do camps, appearances, charity. Not sure about other clubs, as I am in Melbourne, but United are fully embedded in the community here, and are very easily accessible.

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ME (he/kangaroo)  
Years ago

The community work has always been up to the teams. Now people are really reaching.

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Anonymous  
Years ago

Shame that most teams don't care nor the NBL. I am aware of the United's great community work.
Basketball is booming across Oz and now is the time to capture that enthusiasm for the future. Not make excuses for not doing it. "It up to the teams"
No it's not. They need to be resourced for that.

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Isaac  
Years ago

They need to be resourced for that.
Since when? They have the motivation (it creates future fans), the means (players, staff) and resources (cheaper than ever to communicate and coordinate). For years they've done it themselves. Why hang it on the league to prop that up? The NBL could provide some coordinated materials, but ultimately it's up to each club. I don't think it enters a Kestelman-criticism thread.

Reply #702285 | Report this post


ME (he/kangaroo)  
Years ago

Seeing as they're actually based in those communities theyre better equipped to go out into those communities as theyve always done. if theyve stopped doing that that isn't Kestleman's fault. So as I said, you're reaching.

Reply #702286 | Report this post


Silencer83  
Years ago

Last I knew a large amount of community work was still written into every Wildcats contract. Plus you have guys like Greg Hire and Damian Martin who are constantly doing charity and community work even out of season and off contract (in the case of Greg).

If your club is not doing community work that is on your club not on Kestelman.

Reply #702291 | Report this post


paul  
Years ago

Most clubs do a truckload of community work, particularly in schools.

Reply #702304 | Report this post


Anonymous  
Years ago

There used to be a salary cap for doing Dev work. should be reintroduced so that those on the pine can earn some extra.

Reply #702339 | Report this post


Hoopie  
Years ago

Has anyone heard what LK is doing this year with regard to pouring in money or giving up ownership or anything?

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