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Hannah Wootton

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.

Usually in the National Basketball League, the biggest rivalry is between the two teams. Not so at Sunday’s Illawarra Hawks versus Melbourne United final, where the more significant battle is over ownership of the league itself.

The current owner of the NBL is property billionaire Larry Kestelman, who also owns United. Oil tycoon and Donald Trump’s pick as the US’ next ambassador to New Zealand and Samoa, Jared Novelly, owns the Hawks.

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Hannah Wootton is a Rear Window columnist, based in Melbourne. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/rear-window/billionaires-take-the-court-to-decide-future-of-the-nbl-20250323-p5llt1