ESPN is reporting that former Illawarra Hawks player LaMelo Ball and his manager Jermaine Jackson have purchased the team.
"We own the team," Jackson told ESPN. "It's a done deal."
Ball is eligible for the upcomming NBA draft in June, and is projected to be a top 3 pick after averaging 17.0 points, 7.5 rebounds and 7.0 assists in the NBL last season.
He became the youngest player in NBL history to record a triple-double back in November.
He registered back-to-back triple-doubles, before a foot injury ended his season and he returned home to the United States prematurely.