Billionaire Larry Kestelman and Telsa Motors chair Robyn Denholm will overhaul the Women’s National Basketball League after striking a deal with Basketball Australia.
Billionaire businessman Larry Kestelman and Telsa Motors chair Robyn Denholm have formed a consortium to take a majority interest in the Women’s National Basketball League.
The 2024-25 season will remain under BA’s control, but the new consortium is expected to help with marketing and promotions. A term sheet has been signed, providing up to 60 days to finalise the proposed transaction and allowing conditions to be met. “The female athletes in the sport, as well as younger girls aspiring for greatness, deserve better, and we believe we can, with time, deliver something to be proud of. But do not underestimate the work and challenges ahead.”“We are excited to be a major part of the syndicate that will guide the future direction as well as provide the right level of support and investment needed in the sport for decades to come.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Girls deserve better’: Billionaire businessman, Tesla chair take over WNBLBillionaire Larry Kestelman and Telsa Motors chair Robyn Denholm will overhaul the Women’s National Basketball League after striking a deal with Basketball Australia.
Read more »
‘Girls deserve better’: Billionaire businessman, Tesla chair take over WNBLBillionaire Larry Kestelman and Telsa Motors chair Robyn Denholm will overhaul the Women’s National Basketball League after striking a deal with Basketball Australia.
Read more »
Elon Musk may ‘step back’ if shareholders reject $56bn pay package, Tesla chair warnsRobyn Denholm says electric carmaker’s CEO could spend his time elsewhere if biggest pay deal in US corporate history isn’t approved
Read more »
Billionaire building $30 million submersible to travel to Titanic wreck siteAmerican real estate mogul Larry Connor says he wants to show the site of the famous liner can be explored safetly, nearly one year after the Titan disaster.
Read more »
Royal Mail owner agrees to £3.57bn takeover by Czech billionaireCash offer from Daniel Křetínský’s EP Group still needs approval from shareholders and government
Read more »
Australia’s richest billionaire revealed in prolific top 200 listMining magnate Gina Rinehart has continued her reign as Australia’s wealthiest person, taking the top spot in the Australian Financial Review’s ‘Rich List’ for the fifth year in a row.
Read more »