Robyn Denholm family office looking at Women’s basketball deal

The Australian Women’s Basketball League WNBL is selling a majority share. The deal is expected to raise A$20M, valuing the league up to A$35M. The league was launched in 1981. The league consists of 8 teams. The most titles were won by the Canberra Capitals, while the Southside Flyers won the 2023-2024 season.  Today, basketball is one of the fastest-growing women’s sports in Australia.  Now, various investors are considering a potential investment. Amongst them is Wollemi Capital Group, Robyn Denholm’s single-family office.

Wollemi Capital Group: the family office of Robyn Denholm

Robyn N. Denholm has held various CFO, COO, and board positions in major companies like Juniper Networks and Telstra. Since 2018, she has been the chair of the Tesla board. Her net worth is estimated at over A$600M. Through her family office, named after the pines of New South Wales, the Denholm family office invests in technology, science, property and sports. In 2022, she already purchased a 30% share of the Sydney Kings and Sydney Uni Flames basketball teams. Other investors looking at the WNBL deal are Ross Pelligra (Adelaide Lightning owner), Larry Kestalman (NBL owner) or Craig Hutchinson (Sports Entertainment Group owner). Also, international private equity funds such as Sixth Street Partners and Bluestone Equity Partners are in conversations.

Article Source: AFR
Picture source: Markus Spiske