South East Melbourne Phoenix join Illawarra Hawks in Supreme Court action against NBL and Larry Kestelman
“Do not take a professional league with millions of fans, not a way to direct Junior Amateur League.
Loading
“Earlier this year, the owners voted for change and ignored. It is embarrassing to come to a legal process, but we think it is necessary to get the information we need as the first step to correct the game.”
The new club owners, seen by this Masthead, referred to a E -Posta in January and refers to the seven owners who voted for “honesty concerns and financial transparency özellikle.
Novelly is a shareholder in the East Asian Super League, including basketball teams from Japan, South Korea, Philippines, Taiwan, Hong Kong and Macau.
Each of the 10 NBL club has paid $ 14,000 to complete an independent report on the league’s financial operations for the last three years of accounting company KPMG.
The KPMG report said, “There was no significant problem in the eight scope areas that are taken into consideration”. The report accepted the business connections between NBL and Kestelman’s LK group and showed $ 15.6 million in the relevant party transactions in the investigated period.
“NBL remains dependent on transparency and accountability in all operations because it maintains its strong growth,” he said, a NBL spokesman, Masthead.
Beyond the KPMG report, NBL constantly exposes its financial statements to inspections by PWC and protects open communication lines with clubs and encourages feedback and discussion.
“NBL welcomes the questions from the clubs and will always answer when the queries are sent through appropriate channels.”
The team owners, including Arena and Sydney Kings, and former NBA star Andrew Bogut, were uncomfortable to use a travel agency established by a referee in the league since the plans of NBL last month. It was among the worries.
Larry Kestelman, owner of NBL, continues to receive the support of Grant Kelley, the executive chairman of the Adelaide 36ers.Credit: Getty Images for NBL
However, Grant Kelley, Chairman of the 36ers 36ers, said that he was “tight için to support NBL and his strategy and Kestelman’s base and professional game.
Kelley was also grateful for the exponential increase in the valuation of NBL clubs under the leadership of Kestelman, but 36ers was about $ 42.5 million last year.
“Everyone in this country deserves their days in court. I’m an old lawyer, so I feel it’s just right-but by talking personally [Phoenix and Hawks] Claims, Kel said Kelley this masthead.
Loading
“Of course, we will allow the judicial process to carry out the path, but I have not seen any basis for the claims made directly within 10 years.
“My personal style was always when we had difficulty in professional sports – and not only me and Larry, but me and other owners – we clearly talked about how to solve these difficulties collectively.”
Kestelman, who had 94 percent of the NBL, had previously had shares in three clubs: Brisbane, Melbourne United and Tasmania Jackjumpers.
This masthead reported that last month, the sport asked FIBA, the world administration body, to investigate the allegations of the conflict of interest from Basketball Australia.
Sports news, results and expert analysis are sent every Monday. Sign up to our sports newsletter.
