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Sport s Entertainment Group owner Craig Hutchison has sold NBL club Perth Wildcats to tech entrepreneur Mark Arena for a cool $40 million. Arena, a lifelong Wildcats fan who is based in Perth, has signed a deal to buy a majority 52.5 per cent share of the club ahead of the next NBL season. As part of a staged acquisition, his stake will increase to 90 per cent by 2026 under a “put and call” option, with a plan to reach 100 per cent by 2028.
The sale comes at a good time for Hutchison, whose media and sporting empire has hit financial troubles over the past year. Hutchison cut his teeth in media as a young AFL journalist in Melbourne. He has worked at Channel 7 and Channel 9, and became host of The Footy Show while it was in decline. He also worked at several radio stations before starting is own media empire, Crocmedia, which morphed into SEN.
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Craig Hutchison to sell NBL’s Perth Wildcats for $40mCraig Hutchison’s embattled media and sports business has sold NBL franchise the Perth Wildcats for $40 million.
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Craig Hutchison to sell NBL’s Perth Wildcats for $40mCraig Hutchison’s embattled media and sports business has sold NBL franchise the Perth Wildcats for $40 million.
Read more »
Craig Hutchison to sell NBL’s Perth Wildcats for $40mCraig Hutchison’s embattled media and sports business has sold NBL franchise the Perth Wildcats for $40 million.
Read more »
Craig Hutchison to sell NBL’s Perth Wildcats for $40mCraig Hutchison’s embattled media and sports business has sold NBL franchise the Perth Wildcats for $40 million.
Read more »
Craig Hutchison to sell NBL’s Perth Wildcats for $40mCraig Hutchison’s embattled media and sports business has sold NBL franchise the Perth Wildcats for $40 million.
Read more »
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