And ultimately, they blew it badly.Please. In about half the Wildcats existence their record has been equal or worse what it was this year. They got unlucky.
I'm not talking about the team, I'm talking about the new Owners.
SEG purchased the most successful, highest earning, most "profitable" (and presumably most expensive) team in the league.
Or, to put it another way, as a Public Company, they bought an asset that offered a good ROI. And in the first year of operating that asset, they damaged it.
It's not as though the bought a failing business (team) that needed to be overhauled. They didn't buy a dump that needed fixing up.
They bought the most expensive house in town, then rented it to a bunch of Bogans who trashed the place.
If we were talking about any other team, in any other league, then this result would have been accepted philosophically. "Oh well, we've won 10 championships, this wasn't our year, not a bad result overall."
But this wasn't any other team.
The Wildcats brand is, in basketball terms, absolutely huge in Perth.
And, like it or not, that huge brand goes hand in hand with their unequalled success and their culture. I'm not saying this as just another arrogant Perth fan, nor am I trying to boast about the Cats. I'm only trying to illustrate the commercial realities of SEG's purchase.