Back page of todays paper up here has massive bold headline
"Bullets dead in a week"

According to the report if Eddy cant offload the team this week they will colapse. Apparently he has a buyer lined up last week but the deal fell through at the last minute.

Also Eddy apparently wasnt aware that JVG had told Joey Wright that he was having a massive paycut. Eddy and Joey to have a meeting on Tuesday to "talk about the future"

Yeah conflicting reports!

"Mr Groves also denied reports that he was trying to sell his basketball team, the Brisbane Bullets.
The Sunday Mail newspaper reported Mr Groves tried to sell the club last week, but the deal fell through."

http://www.news.com.au/story/0,23599,23344984-29277,00.html

Has probably paid them so much in recent years that the fall back down to reality is going to be quite painful.

Wonder if buying that championship was worth it? Would the players have a slight sense that they 'cheated' the NBL by clearly paying a heap of players unrealistic salaries??

Karma is a MOFO

At least Ebi Ere will be safe there - I hear he's using this new computer based system called "Basketball Intelligym" to improve his shot selection and stuff.

(Mod: Only going to be funny to those who read the other thread!)

This is disgusting news and I hope the Bullets can be saved. They have been around forever and I'd love them to stay.

Many of the Bullet players are welcome to join the 36ers if they have to move on. CJ is more than welcome. Dusty can return. Sam-Mac is welcome. Ebi Ere is definitely welcome.

There will be rich people with a passion for the sport and the club that will buy an NBL club. They won't be doing it expecting to make lots of money out of it but just to get a new toy, just like their yachts, their jets, their Ferraris, their multi million dollar mansions. When you have that much money, you can afford to splurge.

The crocs make money, but apart from that thats probably all correct.

The league is stuffed and thats what happens when people cheat the cap. Now the problem is all the players who were getting paid more then they were worth are going to leave the league rather then taking huge salary cuts( i assume). Its bad of me but i kind of hope Brisbane go bust, a little bit of karma.

Would love Dusty to come back....but ain't no centre #177235?

Would Adelaide be able to afford Ballinger, Dusty, and an Import?

#177180 So, all the teams except for the Tigers are losing lots of money. Where did you get this information from? If this were true we wouldn't have a league.
All the owners of the clubs would be conducting assessments to see if the day to day running of the club was financially viable. If not, all clubs would be on the market for sale.

Dont be so sure that if the Dome was sold that it would still be used as a Bball venue.

My understanding of the situation is that this is very bad timing for Bball in Adelaide as two organizations are already looking for new acquisitions.

With the stage they use for their "congregations" taking up most of 2 out of 3 courts at the Dome and taking 2-3 days to both bump in and out, I am worried the place will go the same way as Apollo.

Thats the 1st lot. Next is;

Anyone ever go past the entertainment ctr regularly and see the place packed out with heaps of family's? Dad always in a suit, carrying a briefcase; mom and kids always in Sundays best? The hire fee they pay, combined with the money these events "turnover" make a stadium that is available and 5 mins from the current location very attractive.

If the NBL can come out the other side of this awful situation we may well be playing at the entertainment ctr.... or worse.. if we can get a team on court.

The old saying "don't put all your eggs in one basket" is obviously not known to the NBL board.

Sturty - how is that necessarily true? A club can be losing money and still be viable if the owner is comfortable with the losses.