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How the billionaire fight of the NBL unravelled

Zoe Samios

A major backer of the Illawarra Hawks has rejected claims it is trying to take the National Basketball League away from its billionaire owner but says the club has faced repeated threats to its licence over its push for greater financial transparency in the sport.

A long-running dispute over the way Australia’s basketball league is governed was thrust into the spotlight last Friday when a letter from Illawarra Hawks owner Jared Novelly proposing a $9 million takeover of the NBL by its clubs was made public.

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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

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    Original URL: https://www.afr.com/companies/sport/how-the-billionaire-fight-of-the-nbl-unravelled-20250327-p5ln3k