Isaac
Years ago
Loss of Kings and the impact on the NBL
Whether this is just doom and gloom seeded by someone sour or an accurate reflection of the state of things, we'll have to see, but this is from the Daily Telegraph:
And the crisis could deepen with the NBL also in danger of being dragged into insolvency by the Kings' demise.
A source close to the league told The Daily Telegraph that without the Kings the NBL is now in real danger of losing $800,000 naming rights sponsor Hummer and its $800,000 pay-TV deal with Fox Sports.
"Who's going to pay Chuck Harmison's wages? Who's going to pay the referees and fly them around to games, and their accommodation? Who's going to pay all the other costs needed to run a league?' the source said.
"It's about $1million to $1.5million to run the league in a cheap way and we have no money. The NBL is in danger of becoming insolvent."
A potential buyer of the Kings, Mike Wrublewski, is saying that he had the backing, but that the NBL's other owners would not let him hold the license and take a season off to return in 09/10.
Two possible situations - the NBL's planned review may want a different/larger owner in place and they don't want to run Wrublewski & Friends for a single season, or other owners know that they can't voluntarily sit out an expensive season and don't want to allow the same of anyone else?