NBL owner Larry Kestelman has declared the national men’s basketball competition is not for sale, rejecting a hostile takeover from the billionaire behind the Illawarra Hawks.
Jared Novelly, an oil tycoon and ally of US President Donald Trump, wrote to the NBL’s clubs late on Thursday with a plan to oust Kestelman from his position, citing concerns with how he has managed and distributed funding and profits.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
