The National Basketball League has backpedalled on plans to appoint a new company to run its travel arrangements following a messy phone call with clubs that revealed billionaire Larry Kestelman partly owns the agency.
Kestelman, who owns the NBL and part of the WNBL, is under intense scrutiny after the owner of reigning champions the Illawarra Hawks filed a claim with the Supreme Court over concerns about how competition is run.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.