Zodiac
Years ago
Professional basketball player and two-time All-Star Khris Middleton has joined the ownership group of the NBL's Brisbane Bullets Basketball Club. The already impressive ownership group is led by Kevin Martin and also recently added Thad Young.
They got some good people buying in, if all stay strong I can see Brisbane being a powerhouse in years to come. Great result for LK and the nbl.
KET
Years ago
What's the full Bullets ownership that we know of so far?
Ben
Years ago
Durant has previously given consideration to being part of the Bullets ownership group. That would've been cool no matter the share.
Until LK wanted him to do in person promo appearances. (I kid you not)
Perthworld
Years ago
Luckily it didn't happen because he texts bad things.
Lovebroker
Years ago
I'm wondering what the payoff is for them?
I am guessing this investment is covered by playing just one NBA game's salary.
Even if the amount is little, whats in it for them?
The investment probably loses money.
Is it like a hobby farm for them?
@Lovebroker I actually wonder the same thing, maybe even though it loses money its not a lot so it doesn't really matter to them?
Ben
Years ago
The investment is made on the gamble the team may be sold at a later time at a profit. That's what LK is working towards through continued interest and growth.
Plus it's cool to be a part-owner of a sporting team, I guess.
Easy to assume whatever cash each player has thrown in would be small fry for them.
Its a tax write-off, plain and simple. These NBA guys have contributed no tangible benefit to the league but can claim the depreciating assets of a players contract to the tune or $1 or 200,000 almost straight away.
"These NBA guys have contributed no tangible benefit to the league"
Dumbest comment on hoops goes to you sir, congratulations
Heard of a thing called exposure and publictity? This was posted around the web by some bigtime basketball journos.
Brisbane was on the market for $5mill I recall. United was valued at $10mill. Glad to see no one actually read the article on the NBL website. If anyone had bothered to do that they would have found that LK has got 2 more wood ducks to join as well. The stupidity of the "experts" here continues to amaze me. Shame the NBL didn't release the other investors names as well. #Chumpsoneandall
I like how you said mine was the dumbest comment and then tried to prove me wrong by providing examples of things that aren't tangible.
kyle hines european star and melissa oden also part owners. hines would be perfect replacement for vic law
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