http://www.foxsports.com.au/story/0,8659,23287294-23769,00.html
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THE National Basketball League board is set to withdraw the Sydney Kings' licence by the close of business on Friday if the team's majority owner, Tim Johnston, hasn't resolved the club's financial problems.
The Kings will nevertheless play out the season while Johnston is expected to announce that he's willing to sell some of his stake in the club, in a bid to help resolve the problem.
In a dramatic escalation in the crisis engulfing the Kings in the middle of their quest to win a fourth title, one NBL board member has said that Sydney are in default of their licence for a third time this season.