Andrew
Earlier this year

Wildcats receive $40M offer

https://nbl.com.au/news/wildcats-receive-40m-offer

Sports Entertainment Group Limited (SEG) has received a non-binding indicative offer for the Perth Wildcats from MT Arena Capital Investment Property Limited (MTACI).
The Perth Wildcats have confirmed SEG has received a non-binding indicative offer in relation to the club from MTACI.


The offer has come following SEG's acquisition of the Wildcats in 2021 for a reported $8.5 million.


MTACI reportedly seeks to purchase a 90 per cent stake in the club for $36 million after a record season of growth and engagement for the competition.


The offer is subject to a number of conditions including NBL approval and negotiation and agreement of transaction documents. There is no certainty a transaction will eventuate.


The NBL experienced significant growth in a number of key areas in NBL24 when compared to the previous season, including a 26 per cent increase in broadcast numbers, 118 per cent increase in web and app views, and 26 per cent increase in media exposure.


The value of clubs has skyrocketed with the NBL becoming the fastest growing sports organisation in Australia and New Zealand, and MTACI’s offer comes after owner of popular honey and skincare brand 'Manuka Doctor’ Matthew Pringle acquired a three per cent stake in the New Zealand Breakers.


Earlier this year NBL owner Larry Kestelman sold a 10 per cent stake in Melbourne United for $4 million, which has valued the NBL24 runner-up at $40 million.


JackJumpers owner Kestelman also recently told The Australian talks surrounding the impending sale of the recently crowned NBL champion Tasmania JackJumpers remain ongoing at a valuation of more than $30 million.


A media release on the Wildcats’ website stated SEG will keep the market and Wildcats fans informed of any progress in the transaction in accordance with its continuous dialogue obligations.

Topic #52020 | Report this topic


Weedy Slug  
Earlier this year

Dang

Reply #942182 | Report this post


Cram  
Earlier this year

SEG would be silly not to do everything they can to accept this offer.

Its clear proof that the perception of value is powerful.

Take the money and run Hutchy

Reply #942183 | Report this post


LoveBroker  
Earlier this year

The Wildcats can't do worse than Hutchy....or can they?

Reply #942184 | Report this post


Drexler  
Earlier this year

Read something online that the entity offering to buy cats is majority owned by SEG anyway..... can anyone confirm this?

Reply #942186 | Report this post


Andrew  
Earlier this year

Apparently its a Perth guy and life long fan. His business partners are based in SA

Reply #942187 | Report this post


LV  
Earlier this year

Am I the only person who's uncomfortable at the prospect of conglomerate investment groups paying inflated values and then seeking to operate the clubs like an arms-length profit making venture?

"I can't see anything going wrong with that" as they say

Reply #942188 | Report this post


Dunkman  
Earlier this year

I love it, hopefully it's true and we can get the global game to the forefront. How good would that be, I all honesty I don’t believe it.

Reply #942191 | Report this post


Zodiac  
Earlier this year

I'm all for it take the money and run Hutchy. This can only be a good thing, assuming it's not a BS offer of course, it will raise the value of all NBL teams, real or perceived value is irrelevant.

Reply #942192 | Report this post


Diop Kick  
Earlier this year

Apparently it's Mark Arena, a Perth boy and wildcard fan.
Gives me encouragement that he is buying the team for the right reasons.

Mark made his $ in the cybersecurity world.

Reply #942195 | Report this post


koberulz  
Earlier this year

The Wildcats can't do worse than Hutchy....or can they?
Word on the street is Bendat didn't want to sell to Hutchy, but was unable to find anyone better.

Reply #942198 | Report this post


hoopie  
Earlier this year

So you think it would be a secure investment? LOL

Reply #942199 | Report this post


Perthworld  
Earlier this year

Fucking off SEG is priceless, you can't attribute a $ amount to it.

Reply #942201 | Report this post


curtley  
Earlier this year

Fair call LV.

If it's someone with a passion for the game that's great but would they need to pay overs to do whatever they want to do?

Reply #942204 | Report this post


LoveBroker  
Earlier this year

Word on the street is Bendat didn't want to sell to Hutchy, but was unable to find anyone better.


That's a shame

Hutchy, Scomo and Rillie have killed Wildcats basketball wholesale.

Hope they get some of their brand of basketball back.

Reply #942207 | Report this post


Perthworld  
Earlier this year

The other interested party was a charity who thought they could run a pro sports franchise. Scary.

Reply #942214 | Report this post


LV  
Earlier this year

I 100% get that Perth fans are sick of Hutchy

But more generally, with all these valuations, $40mil for United/Perth, $30mil JJs etc. What's the obsession? Does it really do anything for the NBL if someone pays those figures?

Shouldn't we be more concerned about who's running it and how they'll run it. An arms length capital investment group will treat it like an investment that needs to yield a return.

Reply #942217 | Report this post


Ballman  
Earlier this year

If they are worth that much , then the salary cap needs to be significantly higher for us to attract those guys back from Europe or Japan.

Reply #942218 | Report this post


Dunkman  
Earlier this year

Exactly Ballman.

Reply #942221 | Report this post


AntAntAnt  
Earlier this year

While it would be cool for us junkies to get some of those Japan guys back, they wouldn't bring an extra dollar or eye ball to the league imo.

Reply #942222 | Report this post


Jack Knife  
Earlier this year

LoveBroker - you need to add Teflon Mills to your list!

Reply #942223 | Report this post


Dunkman  
Earlier this year

@ antantant, they lift the standard, the only reason Cooks is back is because kings matched his b league money, Motum might have played in Australia a lot more and how would the cats look with Kay playing for them, etc. you then get more eyeballs as you put it.

Reply #942226 | Report this post


Another Anon  
Earlier this year

Gleeson ain't coming back. Everyone needs to let that go.
You'd think any owners would be better than Hutcy but there's enough evidence to suggest otherwise (Adel??).
Mills would be the #1 to go. Everything after that would be up on the air

Reply #942238 | Report this post


Dave Marshall  
Earlier this year

PW, where have I heard that one before?

Reply #942240 | Report this post


Perthworld  
Earlier this year

Brilliant reply Dave - it totally didn't come to mind when I wrote the post. Now something about great mates and a jazz club, amongst other things, is at the forefront of my mind.

Reply #942242 | Report this post


Drexler  
Earlier this year

Done deal now!

Reply #944011 | Report this post


Another Anon  
Earlier this year

https://www.watoday.com.au/business/companies/craig-hutchison-to-sell-nbl-s-perth-wildcats-for-40m-20240711-p5jsrg.html

Reply #944012 | Report this post


TrevorTorrance  
Earlier this year

4x in 3 years, that is unheard off! Especially when they tick over 1 million profit a year! Insane. There better be some TV rights coming soon or hope these guys have deep pockets!

Reply #944023 | Report this post


Dunkman  
Earlier this year

Maybe now the players can get more coin, raise the cap so that not only marquee and import players get a decent coin.

Reply #944025 | Report this post


TrevorTorrance  
Earlier this year

Yeah but only 2 NBL teams are making a profit, so it's impossible to increase the cap. The wildcats are also at cap for most home game so they cant get any extra revenue there. They need some sort of decent paying TV deal or revisit the asian super league concept! I'm sure Vlahov would love to share his insight!

Reply #944026 | Report this post


BigD  
Earlier this year

Actually, the NBL has 8 of the 10 teams currently turning a profit.

Might be of surprise that the professional league in Australia that only has two profitable clubs is the AFL... they're just bankrolled by a massive TV deal and the money gets shared across all 18 (soon 19) clubs so it’s of next to no impact on the league.

Reply #944027 | Report this post


koberulz  
Earlier this year

Maybe now the players can get more coin, raise the cap so that not only marquee and import players get a decent coin.
Yeah but only 2 NBL teams are making a profit, so it's impossible to increase the cap.
Pretty sure the cap has gone up pretty much every year for the past decade.

Reply #944040 | Report this post


Perthworld  
Earlier this year

They need some sort of decent paying TV deal or revisit the asian super league concept! I'm sure Vlahov would love to share his insight


Ask Vlahov? Okay, I'll call him to discuss it using my Oriant phone.

Reply #944063 | Report this post


TrevorTorrance  
Earlier this year

Yeah Vlahov was the biggest proponent of setting up the asian league, when he owned the team with LL. Was racking up the FF points seeing all his mates up there! Might have been premature then, but maybe now with LK at the helm it may have a chance to justify the team's value's now!

Reply #944064 | Report this post


Perthworld  
Earlier this year

We're on the same page - I wanted to reference the mysterious HK-based Oriant Vlahov gained sponsorship from, a reference for the old timers.

Back on-topic...

Brisbane Broncos (NRL) market capitalisation is $87mil (ASX-listed).

Recent share transactions value Melbourne Victory (A-League) at $40mil (unlisted company), although they may become outrightly owned by the dodgy 777 Partners (football fans would be aware of their questionable spending spree around the world).

I can't recall any other valuations as high as $40mil in Australia. The NBL are lifting big time.

Wildcats #2 in the country? Dayummmm.

Reply #944066 | Report this post


Perthworld  
Earlier this year

Just to clarify I meant to write 'actual realised transactions' in place of valuations.

Reply #944067 | Report this post


TrevorTorrance  
Earlier this year

Yeah Vlahov also has some massive Indo Inevstor "mates" too that helped prop the team up for a while. I believe he still flies up there for camps

Reply #944068 | Report this post


Perthworld  
Earlier this year

Vlahov did so much for the club with very little at his disposal.

It's hard to quantify but he possibly is one of the best NBL owners in dollar-for-dollar terms.

Reply #944070 | Report this post


TrevorTorrance  
Earlier this year

Not sure if you are being serious or sarcastic? Is this AV??? haha

Reply #944071 | Report this post


Perthworld  
Earlier this year

Haha, no.

He had to hustle in Asia and via various other means to keep the club going.

I respect him for that.

Reply #944072 | Report this post


TrevorTorrance  
Earlier this year

Anyone heard of this new owner? Is he flashy like Laurence Escalante? Surprised he didnt buy the team!

Reply #944074 | Report this post


Perthworld  
Earlier this year

This reminds me of the time I was playing roulette with Vlahov at the casino.

I overheard the other player at the table whisper to his wife: "He used to play for Perth Glory!"

Reply #944075 | Report this post


Perthworld  
Earlier this year

The less flashier the better since those types are BS artists who eventually get found out.

Reply #944076 | Report this post


TrevorTorrance  
Earlier this year

Yeah I suppose we don't need another Eddie Groves! Hope it all works out and the fans benefit most!

Reply #944077 | Report this post




You need to be a registered user to post from this location. Register here.



Close ads
Serio: Tourism photography and videography
Little Streaks - The fun and interactive good-habits app designed especially for kids.

Advertise on Hoops to a very focused, local and sports-keen audience. Email for rates and options.

Recent Posts



.


An Australian basketball forum covering NBL, WNBL, ABL, Juniors plus NBA, WNBA, NZ, Europe, etc | Forum time is: 11:08 pm, Mon 14 Oct 2024 | Posts: 968,026 | Last 7 days: 754