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Ports Entertainment Group (SEG) chairman Craig Colman confirmed that an agreement to purchase 100% of the National Basketball League (NBL) club Perth Wildcats has been made from longtime owner Jack Bendat.
The agreement is against a undisclosed fee officially announced on July 30th pending NBL approval.
Coleman, one of the three SEG board members based in Western Australia (WA), said the Wildcats fit in with the « Whole of Sport » -The company’s strategy to enrich the lives of sports fans and connect them with brands.
« The Wildcats are an iconic team with a world record of 35 consecutive finals and even bigger champions in the community, » said Coleman.
« You have been a team that has served the state of WA with incredible pride and distinction, and never lost sight of its impact on people’s lives and the smiles on the faces of the community. » at.
« We see this as a strategic investment in a sport that we have already enjoyed participating in and hope to build on the incredible legacy of Jack Bendat.
» We pay tribute to Jack today and we are excited on fulfilling his desire to make the Perth Wildcats one of the greatest success stories in Australian sport and to excite the fans in our great state, « he said.
Sports Entertainment Network (SEN) reports that the acquisition is after recently expanded presence in sport, « including a 25% stake in Melbourne United, the production rights to the Women’s National Basketball League, production of the NBL show Overtime and various radio rights. »
Craig Hutchison, CEO of SEN, thanked Bendat for the opportunity and added that he respected Bendat’s legacy in both basketball and business.
« We believe in the NBL’s growth story and stand by all clubs Development of the game under the direction of Larry Kestleman, « said Hutchison.
» This investment underscores our existing local sports commitment in WA – including radio stations 657SENTrack WA, SENSpirit 621 Bunbury, SEN Peel; the recent attraction of the local great Adam Gilchrist to the SEN family; our platinum partnership with Optus Stadium and more.
« We look forward to supporting the Wildcats management to continue their strong bond with the WA community, » he said.
The owner and Perth Wildcats Chairman Jack Bendat acquired the club in 2007 and has since led the club to six NBL championships and has had a positive impact on the WA community.
Bendat said he was confident the new owners will preserve the club’s legacy.
« Through hard work we have created a community-first culture and a winning culture that has shown in our successes on and off the pitch, » said Bendat.
» I have enjoyed my time as chairman of the Perth Wildcats, but it is time to move on.
« I have full confidence in the new owners that they will continue and build on the legacy of this iconic organization, » he said .
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