Sports Entertainment Group

Last updated

Sports Entertainment Group
Formation1994 (1994) [1]
Type Publicly listed company
Headquarters Melbourne, Victoria, Australia
CEO
 Craig Hutchison
Chairman
Craig Coleman
Colm O'Brien
Andrew Moffat
Ronald Hall
Chris Giannopoulos
Website sportsentertainmentnetwork.com.au
Formerly called
Ledge Group Limited (1994)
Media Technology Corporation Limited (1994–2000)
Data and Commerce Limited (2000–2004)
Pacific Star Network Limited (2004–2020) [1]

Sports Entertainment Group (SEG), formerly Pacific Star Network, [2] is an Australian sports media content and entertainment business. SEG is the owner and parent company of Sports Entertainment Network (SEN).

Contents

History

After going through a number of name changes in the 1990s and early 2000s, the company was known as Pacific Star Network for 16 years. [1]

In December 2014, Pacific Star Network acquired Morrison Media Services, the publisher of Frankie Magazine and Smith Journal. [3] They sold Morrison Media Services to Nextmedia in September 2018. [4]

In January 2018, Pacific Star Network acquired 100 per cent of equity in Crocmedia. [5] In September 2020, Pacific Star Network rebranded Crocmedia as Sports Entertainment Network (SEN). [6] Two months later, Pacific Star Network changed its name to Sports Entertainment Group (SEG). [2] [7]

In September 2023, it was reported that SEG posted a $9.2 million loss in the 2022–23 financial year. The company reportedly asked for covenant relief from the bank in the June quarter. [8] [9] In November 2023, it was reported that SEG required a cash injection or new investors in the next nine months to survive. [10] To finish the year, SEG sold 3.75 per cent of their sporting teams business, SEN Teams, and received $1.5 million in investor funds from new individual shareholders. [11] [12]

SEN Teams

SEG's sporting teams business, SEN Teams, is the owner of five clubs as of March 2024. [12]

Under Pacific Star Network and Crocmedia, the company owned 25 percent of National Basketball League (NBL) team Melbourne United between 2018 and 2021. [13] [14]

In July 2021, SEG purchased rival NBL team the Perth Wildcats [15] [16] [17] for roughly $8.5 million. [11] In November 2021, SEG's New Zealand subsidiary purchased New Zealand National Basketball League (NZNBL) team the Otago Nuggets. [18] In March 2022, SEN unveiled the Southern Hoiho for the inaugural Tauihi Basketball Aotearoa season. [19] SEN Teams purchased Women's National Basketball League (WNBL) team the Bendigo Spirit in April 2022 [20] and acquired a Super Netball team licence in July 2023, [21] which became the Melbourne Mavericks. [11]

In May 2024, SEN Teams were revealed as the front runners to take over ownership of the Perth Lynx from Basketball Western Australia after Basketball Australia reportedly granted the organisation permission to run a second WNBL club. [22]

Assets

Related Research Articles

<span class="mw-page-title-main">Perth Wildcats</span> Basketball team based in Perth, Western Australia

The Perth Wildcats are an Australian professional basketball team based in Perth, Western Australia. The Wildcats compete in the National Basketball League (NBL) and play their home games at RAC Arena, known colloquially as "The Jungle".

<span class="mw-page-title-main">Craig Hutchison (broadcaster)</span> Australian sports journalist

Craig Hutchison is an Australian journalist, sports broadcaster and businessman. He is the chief executive officer of Sports Entertainment Group and is the host of Footy Classified.

<span class="mw-page-title-main">Sports Entertainment Network</span> Australian & American Network Co

Sports Entertainment Network (SEN), formerly Crocmedia, is an Australian radio and television distribution company established in 2006. SEN's parent company is Sports Entertainment Group (SEG), formerly Pacific Star Network.

<span class="mw-page-title-main">Perth Lynx</span> Western Australian womens basketball team

The Perth Lynx are an Australian professional basketball team based in Perth, Western Australia. The Lynx compete in the Women's National Basketball League (WNBL) and play their home games at Bendat Basketball Centre. For sponsorship reasons, they are known as the Northern Star Resources Perth Lynx.

<span class="mw-page-title-main">Trevor Gleeson</span> Australian professional basketball coach (born 1968)

Trevor Gleeson is an Australian professional basketball coach who is currently an assistant coach for the Milwaukee Bucks of the National Basketball Association (NBA). He first coached in the National Basketball League (NBL) between 1997 and 2000 as an assistant with the Brisbane Bullets. After six years in the Continental Basketball Association and Korean Basketball League, he returned to the NBL in 2006 to coach the Townsville Crocodiles, where he was named NBL Coach of the Year in 2011. After a season with the Melbourne Tigers, he coached the Perth Wildcats between 2013 and 2021, winning five NBL championships in 2014, 2016, 2017, 2019 and 2020, and earning NBL Coach of the Year for the second time in 2021. As of 2021, he ranked fifth all-time in NBL history for games coached. Between 2021 and 2023, Gleeson served as an assistant coach for the Toronto Raptors in the NBA.

<span class="mw-page-title-main">Bryce Cotton</span> American basketball player

Bryce Jiron Cotton is an American professional basketball player for the Perth Wildcats of the National Basketball League (NBL). In the NBL, he is a four-time winner of the Most Valuable Player Award and has won three championships. He is also a two-time grand final MVP, seven-time All-NBL First Team recipient, and has seven scoring titles.

Jack Bendat was an American-born Australian businessman most known for his ownership of the Perth Wildcats basketball team between 2007 and 2021. Previously involved in construction and media businesses with longtime business partner Kerry Stokes, Bendat was involved in philanthropic and sporting interests.

<span class="mw-page-title-main">Angus Brandt</span> Australian basketball player

Angus John Brandt is an Australian professional basketball player for the Shinshu Brave Warriors of the Japanese B.League. He played college basketball for Oregon State University before beginning his professional career with the Sydney Kings in 2014. After two seasons with the Kings, he joined the Perth Wildcats, where he won two NBL championships in three years. He has also had stints in Lithuania, New Zealand and Italy.

<span class="mw-page-title-main">Mitch Norton</span> Australian basketball player

Mitchell Robert Norton is an Australian professional basketball player for the Brisbane Bullets of the National Basketball League (NBL). He is also contracted with the Southern Districts Spartans of the NBL1 North. He began his career in 2011 with the Townsville Crocodiles before joining the Illawarra Hawks in 2016 following the collapse of his hometown team. After two seasons with the Hawks, he joined the Perth Wildcats and won two NBL championships in five seasons. He has also played for the Townsville Heat in the Queensland Basketball League and the Southland Sharks in the New Zealand NBL.

<span class="mw-page-title-main">Sami Whitcomb</span> American-Australian basketball player

Samantha Allison Whitcomb is an American-Australian professional basketball player for the Seattle Storm of the Women's National Basketball Association (WNBA). She played college basketball for the Washington Huskies before making a name for herself in Australia with the Rockingham Flames in the State Basketball League (SBL) and the Perth Lynx in the Women's National Basketball League (WNBL). She made her debut in the WNBA in 2017 and won championships with the Seattle Storm in 2018 and 2020. She became an Australian citizen in 2018 and made her debut for the Australian Opals.

Bradley Robbins is an Australian basketball coach and former player who is most known for his time spent in the National Basketball League (NBL) with the Perth Wildcats. He currently serves as an assistant coach with the Perth Lynx of the Women's National Basketball League (WNBL). He is also the head coach of the Warwick Senators women's team in the NBL1 West.

Anneli Maley is an Australian professional basketball player for the Perth Lynx of the Women's National Basketball League (WNBL). She is also contracted with the Perth Redbacks of the NBL1 West. She made her WNBL debut in 2016 and then spent two seasons in the United States playing college basketball for the Oregon Ducks and TCU Horned Frogs. With the Bendigo Spirit in 2022, she was named the WNBL Most Valuable Player.

<span class="mw-page-title-main">Devondrick Walker</span> American basketball player

Devondrick Deshawn Walker is an American professional basketball player for the Rockingham Flames of the NBL1 West. He played three years of college basketball for the Texas A&M–Commerce Lions between 2011 and 2014 before playing the first three seasons of his professional career in the NBA Development League. He later played in Italy, France, Australia, New Zealand and Latvia. In the NBL1 West, Walker is a two-time league MVP and a championship winner in 2022.

<span class="mw-page-title-main">Rhys Vague</span> Australian basketball player

Rhys Anthony Vague is an Australian professional basketball player for the Cockburn Cougars of the NBL1 West. He made his debut for his hometown Perth Wildcats in the National Basketball League (NBL) as a development player in 2014. After four seasons as a development player, he was elevated to a fully contracted player in 2018. In his six seasons with the Wildcats, he was a part of four championship teams in 2016, 2017, 2019 and 2020. Vague also made a name for himself in the State Basketball League (SBL), playing for the Cockburn Cougars, East Perth Eagles and Stirling Senators, earning the State Basketball League Most Improved Player Award in 2015. Between 2020 and 2023, he played in Japan for the Kagawa Five Arrows.

Sunday Dech is a South Sudanese-Australian professional basketball player for the East Perth Eagles of the NBL1 West. He is also contracted with the Adelaide 36ers of the Australian National Basketball League (NBL). He is a two-time NBL champion with the Perth Wildcats, having won in 2014 and 2019. Dech played NCAA Division II college basketball for the Metro State Roadrunners and Barry Buccaneers.

<span class="mw-page-title-main">SEN Track</span> Australian sports radio network

SEN Track is an Australian radio network operated by Sports Entertainment Network, a division of Pacific Star Network. The network launched on 28 March 2020 and broadcasts live coverage of horse, thoroughbred and greyhound racing to nine cities and towns in New South Wales, Queensland, Victoria and Western Australia. It is a sister network to the Melbourne-based 1116 SEN.

Jarred Bairstow is an Australian professional basketball player for the Southern Districts Spartans of the NBL1 North. He played three seasons of college basketball in the United States for the Central Oklahoma Bronchos before returning to Australia and spending the 2016–17 season as a development player with his hometown Brisbane Bullets in the National Basketball League (NBL). Between 2020 and 2024, he played one season with the Perth Wildcats and three seasons with the Tasmania JackJumpers.

<span class="mw-page-title-main">Aari McDonald</span> American basketball player

Aarion Shawnae McDonald is an American professional basketball player for the Los Angeles Sparks of the Women's National Basketball Association (WNBA), and for the Perth Lynx of the Women's National Basketball League (WNBL) in Australia. She was drafted third overall by the Atlanta Dream of the Women's National Basketball Association (WNBA) in the 2021 WNBA draft after playing college basketball at the University of Washington and the University of Arizona.

Alexandre Dam Sarr is a French professional basketball player who last played for the Perth Wildcats of the Australian National Basketball League (NBL). He is 7 ft 1 in (2.16 m) and plays as center.

Dontae Russo-Nance is a New Zealand professional basketball player for the Otago Nuggets of the New Zealand National Basketball League (NZNBL). He is also contracted with the Perth Wildcats of the National Basketball League (NBL). He played two seasons in the New Zealand NBL in 2021 and 2022 with the Auckland Huskies/Tuatara, earning Youth Player of the Year honours in 2022. After a season in the United States with Oak Hill Academy, he signed with the Wildcats in May 2023.

References

  1. 1 2 3 "PACIFIC STAR NETWORK LIMITED(PNW)". investogain.com.au. Retrieved 8 October 2021.
  2. 1 2 "Sports Entertainment Group". businessnews.com.au. Retrieved 8 October 2021.
  3. ↑ "Pacific Star Network completes media merger with Crocmedia". proactiveinvestors.com.au. 3 April 2018. Retrieved 8 October 2021.
  4. ↑ "Pacific Star Network sells Frankie and Smith Journal for $2.4m". mumbrella.com.au. 3 September 2018. Retrieved 8 October 2021.
  5. ↑ Pierik, Jon (8 January 2018). "Craig Hutchison to be biggest shareholder in SEN in Crocmedia deal". The Age. Retrieved 17 January 2018.
  6. ↑ "PSN rebrands Crocmedia as Sports Entertainment Network". radiotoday.com.au. 30 September 2020. Retrieved 8 October 2021.
  7. ↑ "Sports Entertainment Network year of aggressive growth lifted revenue and profit". mediaweek.com.au. 31 August 2021. Retrieved 8 October 2021. The year saw two rebrands under CEO Craig Hutchison with the names Pacific Star Network and Crocmedia being dropped for Sports Entertainment Group and Sports Entertainment Network.
  8. ↑ Saeed, Daanyal (15 September 2023). "Craig Hutchison's Sport Entertainment Network reports $9.2m loss amid huge exec bonuses". News.com.au. Retrieved 19 September 2023.
  9. ↑ O'Donoghue, Craig (17 September 2023). "NBL owner Larry Kestelman backs Perth Wildcats owners Sports Entertainment Group and Craig Hutchison". The West Australian . Archived from the original on 17 September 2023. Retrieved 19 September 2023.
  10. ↑ Jaspan, Calum (14 November 2023). "Craig Hutchison's sports and media empire on the ropes as directors, auditor sound alarm". The Sydney Morning Herald . Archived from the original on 14 November 2023. Retrieved 14 November 2023.
  11. 1 2 3 4 O'Donoghue, Craig (1 February 2024). "Craig Hutchison explains Sports Entertainment Group's sale of part of Teams group including Perth Wildcats". The West Australian . Archived from the original on 1 February 2024. Retrieved 2 February 2024.
  12. 1 2 O'Donoghue, Craig (11 March 2024). "New Perth Wildcats owners Bill Bloking, Annie Hill and Christian Hauff explain why they joined Craig Hutchison". The West Australian . Archived from the original on 11 March 2024. Retrieved 11 March 2024.
  13. ↑ "Crocmedia Acquires Stake In Melbourne United Basketball Team". bandt.com.au. 16 July 2018. Retrieved 8 October 2021.
  14. ↑ O'Donoghue, Craig (15 September 2021). "Sports Entertainment Group's Craig Hutchison spends first day at Perth Wildcats after travelling to WA" . The West Australian . Retrieved 8 October 2021. New Perth Wildcats owners, Sports Entertainment Group are in the final stage of selling their shares in Melbourne United and will have completed the deal before the start of the NBL season. SEG bought the Wildcats from Jack Bendat in July and promised to divest their 25 per cent stake in the NBL champions.
  15. ↑ "Sports Entertainment Group take over from Jack Bendat as new owners of Perth Wildcats". abc.net.au. 1 July 2021. Retrieved 8 October 2021.
  16. ↑ "SEN sign agreement to acquire Perth Wildcats". wildcats.com.au. 1 July 2021. Retrieved 8 October 2021.
  17. ↑ "Statement on Perth Wildcats". nbl.com.au. 1 July 2021. Retrieved 8 October 2021.
  18. 1 2 "SPORTS ENTERTAINMENT NETWORK SECURES OTAGO NUGGETS". nznbl.basketball. 8 November 2021. Retrieved 8 November 2021.
  19. ↑ Cheshire, Jeff (30 March 2022). "Southern Hoiho to be unveiled as new women's franchise". odt.co.nz. Retrieved 10 May 2024.
  20. ↑ "SPORTS ENTERTAINMENT NETWORK GROW BASKETBALL PRESENCE WITH WNBL BENDIGO SPIRIT ACQUISITION". sen.com.au. 12 April 2022. Retrieved 12 April 2022.
  21. ↑ Bennett, Russell (21 July 2023). "Craig Hutchison takes up Super Netball licence for Melbourne side to replace Collingwood". The Age . Retrieved 14 November 2023.
  22. ↑ O'Donoghue, Craig (10 May 2024). "Perth Lynx are closing in on new ownership as WNBL guarantees their place in the league for next season". The West Australian . Archived from the original on 10 May 2024. Retrieved 10 May 2024.
  23. ↑ "Pacific Star Network to merge with Crocmedia" (PDF). canterburypartners.com.au. 8 January 2018. Retrieved 8 October 2021.
  24. 1 2 "Bravo Management Acquires Precision Sports and Entertainment Group". ministryofsport.com.au. 2019. Retrieved 8 October 2021. Bravo has been considering getting back into representing current athletes for some time after merging in with Pacific Star Network and the broader Crocmedia business...
  25. ↑ "Pacific Star unit Crocmedia to acquire TV broadcast satellite company Rapid TV". spglobal.com. 19 July 2019. Retrieved 8 October 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.