Statman72
Last year

Aussie MCB buys stake in Utah Jazz

Mike Cannon-Brookes the co-founder of tech giant Atlassian has reportedly signed off on a deal overnight to become part owner of the Jazz - seems he has tipped in a 'couple of hundred million'


https://www.google.com/amp/s/amp.smh.com.au/technology/hoop-dreams-come-true-as-cannon-brookes-buys-stake-in-nba-team-20201218-p56oqz.html


Who’s next - the Triple Zero 76ers?

Topic #47906 | Report this topic


Anonymous  
Last year

Great guy. He the bloke building the worlds biggest solar farm in n.t.

Reply #825306 | Report this post


KET  
Last year

Statman that may require the sale of the Ferrari

Reply #825313 | Report this post


Red84  
Last year

What he does with his money is MCB's business. I presume he pays a lot of money in income tax. He says he has been a passionate basketball fan for many years, which motivated his investment, so the spend probably does not reflect a calculated investment decision.
If that is so, I reflect that MCB's "hundreds of millions of dollars" invested in the Jazz was instead invested in grass roots basketball it would go a long, long way and improve the lives of many kids who live in low income districts.

Reply #825316 | Report this post


Anonymous  
Last year

I wonder if he still flies on his Private Jet EVERYWHERE while advocating for climate change?

Reply #825320 | Report this post


Anonymous  
Last year

Aircraft can't uber electric yet until they reach an energy density of 420w/kg. We are like 5-10 years away.

Reply #825321 | Report this post


Curtley  
Last year

It'd be nice if he also chucked some spare change at the NBL. But great news.

Reply #825322 | Report this post


Anonymous  
Last year

nbl all star team vs jazz every year

Reply #825324 | Report this post


Anonymous  
Last year

Guy can do whatever he wants with his money. Wonder how many sanctimonious preachers donated to their club apart from sausage sizzle?

Reply #825338 | Report this post


Lovebroker  
Last year

I use Jira and Confluence daily for work, I'm proud that an Australian company developed it even thoough I am not a great fan of Agile.

Good on him for chasing his passion.

Reply #825349 | Report this post


Anonymous  
Last year

Awesome news and good on him and hopefully now we stop preaching about climate change to regular people whilst his NBA team jet around the USA playing to empty stadiums

Reply #825398 | Report this post


Sixers  
Last year

Red84 are you sure about him paying a lot of income tax?

"Tech giant Atlassian paid zero income tax despite taking in more than $1billion in revenue, tax records have revealed.

Its Australian billionaire founders Mike Cannon-Brookes and Scott Farquhar are fond of telling the government how to tackle climate change.

The renewable energy they advocate is largely dependent upon tax receipts to fund government subsidies."

Agreed with that he should invest in grass roots basketball instead

Reply #825401 | Report this post


Anonymous  
Last year

Apparently he is a basketball junkie. Would be great to have him involved in the NBL too!

Reply #825465 | Report this post


Perthworld  
Last year

He sounds like an NBA snob.

Reply #825548 | Report this post




 

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