NBA superstar John Wall is “excited” to help with the growth of NBL after joining the ownership group of the South East Melbourne Phoenix.
The Phoenix have confirmed that Wall, a former No.1 draft pick and nine-year veteran with the Washington Wizards, has bought a slice of the the fledgling club.
The five-time NBA All-Star’s involvement is another strong endorsement of the NBL as one of the best leagues in the world outside of the NBA.
The guard’s investment is a major boost for the long-term financial security of both the Phoenix and the NBL as a competition given he collected $52.4 million in earnings alone in 2019.
Wall credits the Phoenix’s big picture approach for enticing him to link with the Australian franchise.
“I love the vision that both owner Romie (Chaudhari) and CEO Tommy (Greer) have shared with me and am really impressed with what they’ve been able to create over the first season,” Wall said.
“I know there is plenty I can contribute to the growth of the franchise and I’m especially looking forward to getting down to South East Melbourne and meeting the team and the fans when travel restrictions are lifted.
“I’m so excited to be coming on-board with the Phoenix.”
Led by Phoenix owner Romie Chaudhari, Wall joins an ownership group stacked with past NBA stars including Zach Randolph, Josh Childress, Al Harrington and current Cleveland Cavalier’s guard and Boomers star Dante Exum.
Five-time NBA All-Star John Wall credits South East Melbourne’s big picture vision for joining the franchise’s ownership group. Picture: Bob Carr/Getty Images/AFP.Source:AFP
Greer believes Chaudhari’s plan for South East Melbourne is a major reason why NBA players want to be involved in an ownership capacity.
“Adding another current NBA player to our ownership group is extremely exciting for us as an organisation,” Greer said.
“It‘s a testament to Romie’s vision for the club and just how much the club has been able to achieve over its first season.
“Basketball has skyrocketed in Australia, with the sport more popular than ever and worldwide recognition at an all-time high.
“The direction of the NBL and Australian basketball globally was a significant factor behind the investment from the NBA star.”
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