News: Finance
Owner looks for $1 billion plus sale of Fitness and Lifestyle Group
Quadrant Private Equity, the owner of the Fitness and Lifestyle Group, is reportedly offering the fitness giant for sale through investment banks UBS and Citi. The buyout fund, which…
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Derwent Entertainment Centre needs significant upgrading to host Tasmanian NBL team
National Basketball League owner Larry Kestelman has advised that "significant upgrades" need to be undertaken at the Derwent Entertainment Centre before top-level basketball…
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New financing solutions help gyms equip to meet member expectations
Aware of gyms’ ongoing needs to reinvest in equipment, Fitness Finance Australia is highlighting how facilities need to keep investing in equipment and related assets in order to…
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Tokyo 2020 generates record US$3.1 billion in domestic sponsorship commitments
The International Olympic Committee (IOC) has announced that the Tokyo 2020 Olympics has generated a record sponsorship revenue of over US$3.1 billion, almost three times more than any…
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NBL owner gets exclusive negotiation period for Derwent Entertainment Centre acquisition
The Glenorchy City Council has unanimously decided to enter into exclusive negotiations with the owner of the National Basketball League (NBL) over the sale of the Derwent Entertainment…
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NSW Government admits no timeline for ANZ Stadium redevelopment
The NSW Government has admitted it cannot guarantee a timeline for the redevelopment of Sydney's ANZ Stadium. With redevelopment of the former Olympic venue having previously been…
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Report reveals JUMP! swim school’s entity had ‘poor budgeting control’ and owes millions
A failed arm of the JUMP! Swim Schools group may have been trading while insolvent for close to three years, according to an administrators report. In a report to creditors released last…
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Netball Australia to take no action against Maria Folau for supporting sacked rugby player husband Israel Folau
Suncorp Super Netball star Maria Folau will not be punished for supporting sacked her husband, the sacked rugby union player husband Israel Folau. Australian rugby union authorities…
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