Sports Entertainment Group boss Craig Hutchison has assured shareholders the company is getting on top of its finances after taking a small step to reduce its debt with the sale of its New Zealand digital and audio business.
Sports Entertainment Group boss Craig Hutchison has assured shareholders the company is getting on top of its finances after taking a small step to reduce its debt with the sale of its New Zealand digital and audio business. In a closed-door meeting at the company’s Southbank headquarters in Melbourne on Thursday, Hutchison and company chair Craig Coleman said other deals were in the works to reduce SEG’s debt.
Hutchison, a budding sports and media mogul, and his company made a last-minute decision to deny media access to the annual general meeting, where he and Coleman defended the company’s status as a going concern just hours after it announced the sale of its loss-making New Zealand media assets. Hutchison is CEO, managing director and star talent for SEG, as well the second-largest shareholder in a rapidly expanded company with assets including SEN Radio, a TV production company and the Perth Wildcats basketball team. SEG is home to star talent including Gerard Whateley, Kane Cornes and Matty Johns. The $
Sports Entertainment Group Craig Hutchison Shareholders Finances Debt New Zealand Media Assets
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