This Month
Billionaire basketball war lands in Supreme Court
The NBL’s reigning champions, the Illawarra Hawks, have taken a dispute with the league’s owner Larry Kestelman to court.
Basketball’s global body asked to intervene in billionaires’ war
A fight over the future of Australia’s basketball league is escalating after a club owner asked FIBA to investigate the NBL’s billionaire owner Larry Kestelman.
NBL recruits KordaMentha as basketball war gets messier
Two billionaires, Larry Kestelman and Jared Novelly, are fighting over the future of the National Basketball League and it looks headed for court.
March
How the billionaire fight of the NBL unravelled
A longstanding dispute between two basketball-loving billionaires burst into the public last week. It’s about to get ugly.
Billionaires take the court to decide future of the NBL
Jared Novelly’s team came out on top in the latest round of his fight against basketball league owner Larry Kestelman.
June 2024
Robyn Denholm, Larry Kestelman buy slice of women’s basketball
The WNBL, currently run by Basketball Australia, has struggled to make money for years. The two businesspeople will buy a controlling stake in the league.
February 2023
Miles Advisory paves Kestelman’s exit at stone, tiles, timber group Petra
Larry Kestelman’s private equity group Queens Lane Capital is thinking about an exit of its first-ever investment, European stone and tiles business Petra Industries.
May 2022
Rich Lister Kestelman collects tidy win in $26m Toorak deal
The property developer and owner of the National Basketball League put together two sites in early 2020 to create a prime development in the heart of Melbourne’s upmarket Toorak, before moving on to bigger and better ventures.
March 2022
Rich Lister has court win against Douugh CEO over Yatango dispute
The CEO of ASX-listed Douugh will appeal after a court found he misled investors including Larry Kestelman into backing his collapsed former company Yatango.
July 2021
Larry Kestelman’s LK Group snaps up Shoes & Sox owner
The Dodo founder’s LK Group has snapped up Brand Collective and is searching for more acquisitions and licensing deals ahead of a potential IPO.
February 2021
Kestelman-backed Petra takes stake in premium wood floor business
Rich Lister Larry Kestelman’s private equity firm Queens Lane Capital has added timber flooring to its stone and tile businesses roll-up.
January 2021
Rich Lister hails NBL's record haul of NBA talent
With more ex-NBA players than ever before, and two 2021 NBA draft prospects, National Basketball League owner Larry Kestelman believes the reworked season will be the game's best.