Brief: Sports Entertainment Sees Underlying EBITDA Between $8.5-$9.5 Million For FY21

Sports Entertainment

22/06/2021 11:20

June 22 (Reuters) - Sports Entertainment Group Ltd  SEG.AX :
    * REFERS TO SPECULATION IN VARIOUS MEDIA OUTLETS REGARDING
SALE OF
PERTH WILDCATS BASKETBALL CLUB
    * SEES UNDERLYING EBITDA BETWEEN $8.5-$9.5 MILLION FOR FY21
    * SEG HAS EXPRESSED ITS INTEREST IN A POTENTIAL ACQUISITION
OF
PERTH WILDCATS
    * PARTIES ARE IN ADVANCED EXCLUSIVE NEGOTIATIONS WHICH
REMAIN
SUBJECT TO FURTHER NEGOTIATION
    * SHOULD DEAL PROCEED, CONSIDERATION WILL BE FUNDED FROM
EXISTING
CASH RESERVES/AVAILABLE DEBT FACILITIES
    * HAS SEEN IMPROVEMENT IN GENERAL MARKET CONDITIONS IN 2H21

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