Isaac
Two weeks ago

Jake Silverstein acquires stake in Brisbane Bullets




(Also, very rare sighting of an NBL tweet without a single emoji!)

Topic #50035 | Report this topic


Cram  
Two weeks ago

Isnt that the same club that the SEM owner has a stake in?

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Perthworld  
Two weeks ago

Yes.

Reply #891300 | Report this post


ME  
Two weeks ago

What I am finding is a lot of these big international buy ins aren't leading to more spending in the teams. Usually they opt for lower budget rosters

Reply #891302 | Report this post


Perthworld  
Two weeks ago

Well yeah. They want to make a profit.

Reply #891305 | Report this post


curtley  
Two weeks ago

Bullets valued at $30 Million, thats on an american site so does that mean theyre actually valued at $43 million aussie dollars? Sounds steep.

Reply #891307 | Report this post


Anonymightymouse  
Two weeks ago

"What I am finding is a lot of these big international buy ins aren't leading to more spending in the teams."

Phoenix and Illawarra have certainly spent big after getting overseas investors.

Reply #891318 | Report this post


Reader  
Two weeks ago

"Silverstein, who is chairman and chief executive of Stormlight Holdings, the private investment arm of the Silverstein family, has purchased roughly 20 per cent of the Bullets, according to Sportico. The deal reportedly values the NBL outfit at US$30 million."

https://www.sportspromedia.com/news/jake-silverstein-brisbane-bullets-nbl-australia-ownership-investment-dc-united/

Reply #891368 | Report this post


Reader  
Two weeks ago

"The ownership group, one of five led by Americans in the NBL, could host games at a new facility that would be built in anticipation of the Games.

Preliminary discussions between ownership and government officials about a plan that would include a new 12,000-to-14,000-seat arena for the Bullets and an adjacent multi-use development—a projected $250 million project financed through a public-private partnership that is expected to include restaurants, residences and potentially a sportsbook."

Reply #891369 | Report this post


koberulz  
Two weeks ago

Not sure what it's like in person but their current venue really doesn't look great on TV. Seems like it only seats about 2,000, even though its actual capacity is significantly higher than that. Apollo always looked a lot smaller on TV than it really was, too.

Reply #891370 | Report this post


ME  
Two weeks ago

The new arena sounds promising but will Brisbanians turn up in those kinds of numbers?

Reply #891371 | Report this post


Reader  
Two weeks ago

Wasn't a common complaint about Brisbane's existing basketball venues that the location wasn't good? And the place they play in now looks old

Reply #891377 | Report this post


koberulz  
Two weeks ago

It opened only a few months before the Bullets started playing there.

Reply #891378 | Report this post


Isaac  
Two weeks ago

Seems an incredibly high valuation.

Reply #891403 | Report this post


Luuuc  
Two weeks ago

I do keep reading that inflation has increased quite a bit lately

Reply #891404 | Report this post


Ben  
Two weeks ago

Re new stadium, this has been touted since Brisbane was planning in earnest for the Olympics.

Last I heard, to be built within an entertainment precinct near where Roma St Station is. Ogden was tied to this.

Someone separately had told me that a precinct where Albion Park Races currently exists is being considered also.

I like the question raised by ME that asks if Brisbane could adequately fill a stadium of 10k+. A central location (Roma St) would be helpful. The franchise would need to stop being a dumpster fire though AND put an entertaining + successful product on the floor. Among many many other things.

Reply #891436 | Report this post




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