News

National Basketball League set for new heights

The National Basketball League (NBL) will again be elevated to major sport status in Australia with Melbourne businessman Larry Kestelman, through his LK Group, set to take a controlling stake. Mr Kestelman is also co-owner and Chairman of NBL team Melbourne United. As a result of his controlling stake in the league, he will step down as Chairman and take on the role of Executive Director of the National Basketball League. Graeme Wade will remain as independent Chairman of the NBL Board and will focus, along with Mr Kestelman, on forming a new board that will drive broadcast and general revenue for the league. Mr Kestelman said he remained committed to Melbourne United but will concentrate his efforts on restoring the NBL to commercial success, including establishing an NBL Commission and securing a media rights partner and major sponsor ahead of next season. “I have a strong team running the club but now my interest in Melbourne United is just going to be as an owner. I will now be dedicated to making the league successful,” he said. “We’ve seen the popularity of basketball around the world, and it is my vision to bring the sport back to where it belongs in Australia, as one of the leading sporting codes at both a grassroots and professional level. “It’s going to be my job to reignite the passion behind the NBL and I stand ready for the larger challenge of achieving success for all the clubs. “In this business of sports entertainment we need to set the league up as a more commercial and professional organisation across the board.” The LK Group commitment to the NBL will be over $6 million. The funds will drive an ambitious growth program with a focus on the delivery of a compelling entertainment product, fan engagement and national marketing campaigns. NBL Chairman Graeme Wade welcomed Larry Kestelman’s commitment to the League. “We are on track to re-capitalise this league so it can run like it needs to be run. The longevity of this competition relies on the stability of clubs, and Larry’s vision is very much in line with this,” Mr Wade said. “He leads by the numbers and the NBL head office and all clubs will benefit from Larry’s commercial expertise and enthusiasm for the sport. This is set to be a very positive development for basketball in Australia.”
FEATURE

Caroline to Bring Energy

20 hours ago

FREE AGENCY

Taipans Complete Roster with Experienced Point Guard

1 day ago

FEATURE

Gliddon Eyes Return to Best

1 day ago

FREE AGENCY

Perth Add NBL1 Standout as DP

2 days ago

NEWS

Report: Makur Maker Signs NBA Deal

3 days ago

NBL23

Analysis: Breakout Candidates

3 days ago

NEWS

Humphries Drawn to United "Prestige"

3 days ago

FREE AGENCY

36ers Add “Extra Edge” to Roster

3 days ago

NEWS

NBL Trading Cards Return With Topps

3 days ago

GAME REPORT

Gaels Overrun Phoenix in OT Thriller

3 days ago

LaMelo Ball Leads Hawks, Taipans Beat Bullets Again

16 September 2019

Fourth Place Frustration for Boomers in China

15 September 2019

FIBA World Cup Bronze Medal Game | Australia v France Preview

15 September 2019

Prather Shines In United's Big Win, Taipans Smash Bullets

14 September 2019

Starting Five: World Cup Heartbreak

14 September 2019

Spain Again Breaks Boomers Hearts in Double OT

13 September 2019

Watch Live | Illawarra Hawks vs Melbourne United

13 September 2019

FIBA World Cup Semi-Final | Australia v Spain Preview

13 September 2019

Starting Five: Boomers Two Wins from Gold

12 September 2019

Australia Advance to World Cup Final Four

12 September 2019

NBL Partners

Naming Rights
Major Partners
Broadcast & Media Partners
Profile Partners
Suppliers
Associates