TrevorTorrance
Last month

Perth Lynx New Owner

https://wnbl.basketball/perth/news/transition-of-perth-lynx-wnbl-licence/

and SEN is new management

https://www.sen.com.au/news/2024/06/13/sen-enters-management-rights-agreement-with-new-perth-lynx-owners/

Topic #52036 | Report this topic


Another Anon  
Last month

Wait.... so they're on the verge of selling majority stake in Wildcats but buy into Lynx?
I wonder where Danny Mills will be very soon??

Reply #942626 | Report this post


Grimace  
Last month

I feel like SEN has decided it likes running basketball teams more than it likes being the majority owners.

It sounds like a good model, get many interested buyers to form an ownership group, maintain a minority stake but act as the management company.

Reply #942655 | Report this post


TrevorTorrance  
Last month

How loaded are the new Perth owners- the wife runs a small ecomm biz and husband is a consultant with a US firm. They do own a 3.5 million house in Cottesloe but do they have the deep pockets this club needs?
They also invested 100k into SEN last year. Very weird set up!
I guess the sale of the Wildcats isn't happening then?

Reply #942659 | Report this post


Perthworld  
Last month

Wow... wait, what? So new owners are buying basketball teams and handing them over for management purposes to SEN? Okay, good luck with that.

Reply #942687 | Report this post


QuokkaWoylie  
Last month

What I haven't found info on is how is SEN allowed to run 2 clubs in the same comp? It's hardly ethical and I can't remember another situation in pro sports where it has happened.

I'm glad Perth have a bit of stability with new ownership now. Basketball West weren't bad, but it always felt the team was existing on a year to year basis. That seemed to cost them their best (in modern terms) player.

Reply #942754 | Report this post


koberulz  
Last month

It's hardly ethical and I can't remember another situation in pro sports where it has happened.
Kestleman had half the NBL teams for a while.

Reply #942758 | Report this post




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