Craig Hutchison’s embattled media and sports business has sold NBL franchise the Perth Wildcats for $40 million.
Craig Hutchison’s embattled media and sports business has sold NBL franchise the Perth Wildcats for $40 million, easing pressure from debt woes that previously threatened the company.
It comes just three years after Hutchison’s group bought the 10-time NBL champions for $8.5 million in 2021.over its ability to survive should it not find cash to bring down its borrowings.
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