The sale of the Illawarra Hawks to LaMelo Ball and his manager Jermaine Jackson is not yet complete, according to Australia's NBL.

Ball and Jackson said that they purchased the team on Thursday. 

The NBL did confirm that there were talks surrounding the sale of the team.

The league stated that it has "final approval of any transfer of license," and that they have yet to receive an application for the transfer.

The NBL announced that it was working with Simon Stratford, the current holder of the Hawks' team license, on "a number of options for what we hope will be a fruitful outcome for Illawarra and the NBL."