BASKETBALL WA SEEKING OUTSIDE INVESTMENT FOR THE PERTH LYNX
The Board of Basketball WA has determined its role is focused on basketball participation, pathways and development, and not the sole operation of a professional sporting team. Currently the Perth Lynx are the only WNBL team whose licence is managed by a State sporting organization.
Thus Basketball WA is now looking for interested parties to either invest in the Perth Lynx through Basketball WA, Partner with Basketball WA to run the Perth Lynx or take full control and ownership of the license for the Perth Lynx team. A market process will commence shortly to seek expressions of interest from suitable parties.
The Perth Lynx play a major part in ensuring a quality women’s basketball pathway in Western Australia and Basketball WA is 100% committed to ensuring a quality women’s basketball pathway exists in the State.
As funding has been confirmed by Government for the 2023/2024 season, no changes to existing Perth Lynx operations will occur at this stage. Clear objectives have been developed and specific criteria is to be met by any potential investor, partner or new owner which will minimise the impact on the future of Perth Lynx operations.
Continued consultation and updates will be provided by Basketball WA as the process evolves.
If you are interested in further discussion or in receiving the Information Memorandum, please contact James Eastes