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    NBA

    February

    Global Alternative Funds’ Natasha Nankivell.

    GAF in the zone for $3.8b pro sports fund

    GAF is kicking up to $100 million into Arctos’ second investment fund and has begun offering special access to its 350-odd family office and HNWs.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    November 2023

    Steph Curry and his imitators started shooting from the logo zones way beyond the three-point line about 10 years ago.

    Michael Jordan would’ve struggled in today’s NBA: science

    Fans love to argue about the evolution of the game, and whether it was easier in the past. Now science has an answer.

    • Updated
    • Ross Andersen

    October 2023

    Matthew Dellavedova is settling back into life in Australia, after signing a two-year deal with Melbourne United to play in the NBL.

    How sharemarket bets took this NBA champion from basketball to bitcoin

    Sports champion and Young Rich Lister Matthew Dellavedova is investing his wealth in tech start-ups and crypto as he worries about central banks printing money.

    • Tom Richardson
    Nathan Cleary of the Panthers celebrates with teammates after scoring the match-winning try.

    Bookmaker asks for more time to process largest gambling payout ever

    After the Pies and Panthers victories in the AFL and NRL over the weekend, online bookmaker Betr has begun the largest payout in sports gambling history.

    • Updated
    • Mark Di Stefano and Sam Buckingham-Jones

    September 2023

    Novak Djokovic lifts his daughter Tara after defeating Daniil Medvedev to win the US Open.

    Djokovic wins US Open for historic 24th grand slam

    Using every ounce of his energy and some serve-and-volley guile, an old man with new tricks emerged for a 6-3, 7-6 (5), 6-3 victory at Flushing Meadows.

    • Updated
    • Howard Fendrich
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    August 2023

    Nike’s partnership with basketball legend Michael Jordan made the shoe company a household name.

    How Jordan nets greater wealth from basketball

    The NBA legend has boosted his fortune to a massive $5.5 billion, cementing his place in the ranks of billionaire athletes.

    • Amanda Albright and Devon Pendleton

    July 2023

    Paul Yeomans founder and CEO of PMY Group says stadiums are becoming more data driven.

    AFL star-backed Melbourne tech firm gets $45m from NY PE

    A Melbourne tech company, that is backed by footballers and has made software for the Super Bowl and the Paris Olympics, has closed its first institutional capital raise.

    • Tess Bennett
    Margot Robbie at the premiere of “Barbie” in Los Angeles.

    Barbie is a rare winner in the corporate culture wars

    American business finds itself increasingly caught in the nation’s woke and anti-woke crosshairs.

    • Rana Foroohar

    June 2023

    Nikola Jokic of the Denver Nuggets drives to the basket against Bam Adebayo of the Miami Heat.

    Denver Nuggets down Miami Heat for first NBA title

    The Nuggets outlasted the Heat 94-89 in an ugly, frantic game that failed to derail Nikola Jokic, who made 28 points to win the NBA Finals MVP.

    • Ben Golliver

    April 2023

    Michael Jordan’s game-worn sneakers from the 1998 NBA finals are displayed at Sotheby’s.

    Michael Jordan sneakers sold for record $3.3m

    With a stroke, the Air Jordan 13s became the most expensive sneakers known to have sold, ever.

    • Updated
    • James Tarmy

    January 2023

    Snoop Dogg and James Harden.

    NBA all-star gives wine giant a US boost

    Celebrity tie-ups are growing in the US wine market, with the NBA star’s label driving sales for Accolade as it takes on Treasury Wines.

    • Simon Evans
    Sebastian Korda of the US plays against Daniil Medvedev of Russia.

    Best run at Australian Open in 19 years for new wave of Americans

    The last time there were four American men in the fourth round of the Australian Open in singles was in 2004.

    • Christopher Clarey

    November 2022

    Vald co-founders Sam James and Laurie Malone at the company’s workshop in Brisbane.

    Brisbane sports tech raises $36m after ditching IPO plans

    “You realise being listed isn’t as exciting as the brokers suggest,” says the chief executive of Vald.

    • Tess Bennett
    Orlando Bravo, co-founder of Thoma Bravo, would become one of Bankman-Fried’s most vocal backers on Wall Street and a champion of cryptocurrencies and FTX.

    How Sam Bankman-Fried seduced blue-chip investors

    With crypto trading firm FTX having filed for bankruptcy, investments by some of the world’s most respected hedge fund managers look to be a complete wipeout.

    • Antoine Gara, Harriet Agnew, Tabby Kinder and Richard Waters

    October 2022

    How Facebook bots tried to lure young men to Tabcorp-backed gambling app

    An investigation by The Australian Financial Review reveals how Tabcorp-backed Dabble uses Facebook bots to try to lure people to take up gambling.

    • Mark Di Stefano
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    Elon  Musk briefs staff at the company’s HQ coffee bar.

    Elon Musk set for sweeping job cuts across Twitter, say insiders

    Reports of layoffs at Twitter have swirled since Elon Musk agreed to buy the company in April.

    • Kate Conger, Ryan Mac, Sheera Frenkel and Mike Isaac

    August 2022

    Australian Prime Minister Anthony Albanese, Minister for Indigenous Australians Linda Burney and former NBA star Shaquille O’Neal

    NBA star meets PM over Indigenous voice

    One of the world’s most famous NBA stars is lending his support to the campaign for an Indigenous voice to parliament.

    • Nick Gibbs
    Third Point’s list of recommendations includes a spin-off of the sports television network ESPN.

    Activist investor Third Point urges sweeping changes at Disney

    Dan Loeb is agitating for a board shake-up, a spin-off of the sports television network ESPN and aggressive cost-cutting.

    • Christopher Grimes, Sara Germano and James Fontanella-Khan

    July 2022

    Many people will be hoping that the current crypto crash will be the last they ever hear of mind-bogglingly valuable NFTs, but there are a number of uses beyond wealth ‘flexing.’

    There are six kinds of NFTs, and you still need to care

    Many will be hoping the crypto crash will be the last they hear of mind-bogglingly valuable NFTs, but there are a number of uses beyond wealth ‘flexing’.

    • Nick Abrahams

    June 2022

    Michael Jordan dons a pair of Air Jordan 1s during a 1985 NBA match against the Bullets in Washington.

    Own a pair of Nikes? This is why

    After half a century, Nike’s story is one of sports and marketing. But even more, it’s a story about how we construct the myths of ourselves.

    • Vanessa Friedman