About Priava's Technology - Priava is a cloud-based and centralised venue and event management system aimed at venues of all sizes. With its familiar and easy-to-use web interface, the…read more
Investor acquires controlling stake in the National Basketball League
Melbourne businessman Larry Kestelman has acquired a controlling stake in the National Basketball League (NBL).
Kestelman, the co-owner and chairman of Melbourne United, last week committed to pumping "over $6 million" into the league through his LK Group.
That money will go towards marketing and staffing, with Kestelman, who becomes Executive Director of the NBL, and the league’s independent Chairman Graeme Wade set to form a new board.
Following the acquisition, financial terms of which have not been released, Kestelman will step down from his role as Chairman of Melbourne United, although he will remain a co-owner of the team.
In a statement, Kestelman announced “I have a strong team running the club but now my interest in Melbourne United is just going to be as an owner. I will now be dedicated to making the league successful.
“We’ve seen the popularity of basketball around the world, and it is my vision to bring the sport back to where it belongs in Australia, as one of the leading sporting codes at both a grassroots and professional level.
“It’s going to be my job to reignite the passion behind the NBL and I stand ready for the larger challenge of achieving success for all the clubs.
“In this business of sports entertainment we need to set the league up as a more commercial and professional organisation across the board.”
21st May 2014 - MELBOURNE TIGERS NAME CHANGE PROVES UNPOPULAR WITH FANS
2nd May 2013 - BASKETBALL AUSTRALIA AND NBL TO EXPLORE DE-MERGER
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
ICP is an Australian-based company focused on indoor climbing. ICP will manage your project from initial design to completion and beyond, whether you're building an international-level climbing…read more
AUSTRALIAN MADE. FIT FOR PURPOSE. AlphaFit is a 100% Australian owned family company manufacturing gear specifically for the strength and conditioning, functional fitness and high-performance…read more
At easyemployer we've come up with a software solution that manages one of your most important, and often most costly, business resources - your staff. We are helping 100s of clients to…read more
A leading designer and manufacturer of innovative waterslides and attractions, Australian Waterslides and Leisure (AWL) is also able to advise clients in the areas of concept and design, feasibility…read more
Now TPEC Pool Enclosures - see www.ausleisure.com.au/suppliers/tpec-pool-enclosuresread more
Compliant chemical storage and decanting solutions. Includes spill kits, spill containment pallets, chemical decanting decks and safety shower and eyewash equipment. See our full range of solutionsread more
SPORTENG specialises in the Planning, Design and Construction inspection of Fields of Play for all sports. Blending engineering with the specialist knowledge gained from working closely with sport…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!