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AAP

Justin Chadwick

Hutchison sells NBL club Perth Wildcats for $40m

Wildcats NBL Perth Wildcats Perth Craig Hutchison the Perth Wildcats John Rillie Basketball Intel Corporation

Craig Hutchison has sold NBL club the Perth Wildcats for a cool $40 million. (Scott Barbour/AAP PHOTOS)

Sports Entertainment Group owner Craig Hutchison has sold NBL club Perth Wildcats to tech entrepreneur Mark Arena for a cool $40 million.

Arena, a lifelong Wildcats fan who is based in Perth, has signed a deal to buy a majority 52.5 per cent share of the club ahead of the next NBL season.

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