The Breakers have announced a new ownership group for the NBL club.
The Auckland based club will be led by a consortium including two former NBA players and a co-owner of EPL Club Swansea City.
Romie Chaudhari is a part-owner and director of Swansea City, with former NBA player Matt Walsh also a shareholder of the Welsh EPL club.
Shawn Marion enjoyed an illustrious career in the NBA, winning the 2010/11 NBA Championship alongside Jason Kidd and Dirk Nowitzki at the Dallas Mavericks, as well as being a four-time NBA All-Star and likely future Hall of Fame inductee.
NBL Chief Executive Jeremy Loeliger said,
"This is a huge vote of confidence in the NBL and its direction as a league," he said.
"The new owners will bring a touch of NBA and EPL to Australia’s own NBL.
"It's further proof of the NBL’s standing as one of the premier basketball leagues in the world that a team like the Breakers can attract such experienced and high calibre investors.
"The NBL is continuing to go from strength to strength. We’ve just recorded our highest regular season attendance in 40 seasons of competition and we are about to start another exciting finals series.
"It bodes well as we look to privatise the Brisbane Bullets and continue to grow and expand the league in the seasons to come."
Long time club owners and directors Paul and Liz Blackwell announced that a newly formed company, Breakers Basketball Pty Ltd, will take control of the club from March 1st 2018 as the club prepares for the NBL Finals.
The Blackwells will stay on at the club they have owned for 13 years, as minority shareholders, with Paul Blackwell retaining his seat on the Board and influence over key aspects of the organisation’s future.
NZ Breakers New Owners
Matthew Walsh - Former NBA and European Basketball player for ten years. Minority owner of Swansea City and Principal at LewaverAcquisitions.
Adam Goodman- Partner at Goodman Properties
Romie Chaudhari- CEO and Managing Principal at Chiron Investments. Owner and Board member of Swansea City
Dan Katz, Henry Lockwood, and PFT Commentator of number one sports podcast on iTunes, Pardon My Take presented by Barstool Sports
Shawn Marion - NBA Champion and future hall of famer
Paul and Liz Blackwell, former majority owners of the Breakers