Latest News

Back to Latest News back

 

TSE assume full control of the NBL’s Sydney Kings

TSE assume full control of the NBL’s Sydney Kings
March 20, 2019

The Sydney Kings have today announced a new ownership structure that sees Total Sport and Entertainment (TSE) assume full control of the NBL franchise.

Under the arrangement, TSE will acquire the 50% holding shared by TEG and AEG Ogden, who together have stabilised and rejuvenated the Kings over the past three years.

TSE Founder and Chairman Paul Smith will become the new chairman of the Sydney Kings. TSE assumed a 50% shareholding in the Kings in August last year.

Advising that TSE was delighted to take full control of the Kings after a record-breaking season for attendances and membership, Smith stated "this is a natural progression for the Sydney Kings,.

“TEG and AEG Ogden have done a wonderful job in reviving the Kings and setting a strong growth trajectory.

“TSE has been hands-on in the project for the past nine months and now is the right time for an even stronger focus on the strategic and commercial objectives for the Kings.”

AEG Ogden and TEG have welcomed the announcement of the new ownership structure.

AEG Ogden Chairman and Chief Executive Harvey Lister stated "as the Manager of four home venues in the NBL, our plan three years ago when we acquired the Kings was to save it, turn things around and ensure the club had a strong, long-term future in the National Basketball League.

“We have just seen from the great year the Kings had in the NBL, making the finals and growing public and corporate audiences, that it is now set up for future growth. We have achieved what we set out to do for Sydney.”

TEG Chief Executive Geoff Jones said the new structure would not affect the strong relationship between TEG and the Kings.

Jones added “I am delighted that Qudos Bank Arena, owned by TEG and managed by AEG Ogden, will remain the home court for the Sydney Kings at least until 2030,” said Jones.

“Ticketek, a TEG business, remains the exclusive provider of ticketing and digital marketing services for the Kings. We will be in partnership with the Kings as the exciting strategy for growth rolls out.”

Images courtesy of Sydney Kings/Facebook.

Related Articles

19th March 2019 - Adelaide 36ers to leave longstanding home to play future NBL fixtures at the Adelaide Entertainment Centre

15th March 2019 - Sydney Kings name new Chief Executive

7th March 2019 - Sydney Kings smash attendance records in 2018/19 NBL season

20th February 2019 - NBL breaks crowd records through 2018/19 season

20th February 2019 - Jerril Rechter named as new Chief Executive of Basketball Australia

8th February 2019 - AEG Facilities and SMG announce merger to create global venue management giant

7th February 2019 - TEG entertainment fills Melbourne Park venues

31st January 2019 - Qudos Bank Arena welcomes more than a million people in 2018

27th September 2018 - NBL renews partnerships with Chemist Warehouse, Europcar and ESPN

10th September 2018 - TEG makes new Head of Commercial appointment

22nd August 2018 - Total Sport & Entertainment takes ownership position in Sydney Kings

7th October 2016 - Sydney Kings makes agency announcements in advance of NBL return

9th April 2016 - Sydney Kings appoint basketball legend Andrew Gaze as new head coach

1st September 2015 - Rebranded NBL promises improved engagement with fans

5th May 2012 - TSE opens Singapore office to ‘expand reach to new areas throughout Asia’


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.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

The Pool Enclosure Company

Now TPEC Pool Enclosures - see www.ausleisure.com.au/suppliers/tpec-pool-enclosures

read more

Aquatics / Design / Recreation / Venues

 
 
 

TICKETSERV

As of 2018, TicketServ operates as SeatGeek Asia Pacific Pty Limited, part of international ticketing platform SeatGeek. Click here to contact SeatGeek Asia Pacific via their entry in…

read more

Attractions / Entertainment / Events / Sport / Ticketing

 
 

LIFE FLOOR (Aus & NZ)

Our team believes floors should be beautiful, comfortable, and engineered for safety, even when wet. Life Floor tiles meet six unique performance based standards: slip-resistance, impact absorption,…

read more

Aquatics / Play / Recreation / Safety / Surfaces

 
 

Worldwide Sports Management

Principal Consultant Simon Weatherill has spent the last 20 years developing the world renowned Melbourne Sports Hub, as former Chief Executive Officer of the State Sports Centres Trust…

read more

Aquatics / Consultants / Recreation / Sport / Venues

 
 

Fun Wheels Pty Ltd

Fun Wheels Pty Ltd are the premium dealer in Australasia for the Dutch company BERG’s commercial and domestic products. Our flagship product is their revolutionary pedal go-kart – the…

read more

Attractions / Tourism / Venues

 
 

Centaman Entrance Control

Turnstile Entry Systems and Access Control Centaman Entrance Controls’ Award Winning Range of Access Control Systems includes tripod & triarm turnstiles, speedgates, full height…

read more

Access / Entertainment / Sport / Ticketing / Venues

 
 

TECHNOGYM AUSTRALIA

Technogym is the leading company in the Wellness and Fitness field all over the world. With 2,200 employees, 14 branches in Europe, U.S., South America, Asia  and Australia, Technogym exports its…

read more

Fitness / Technology / Wellness

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business