Fill Smythe
Years ago
If Mal is serious regarding the inability to guarentee $1M for the new NBL, and the team folds, what would happen to the Dome?
Would the proceeds of district & social b/ball be enough to pay the bills, or would it be up for sale to the highest bidder(eg. a church)?
If this were to happen, could district b/ball cope with 3 less courts?
Moses Guthrie
Years ago
Was talking with a friend about this tonight. We reckon 15 mates could chip in $200,000 and we'll buy it for ourselves. Seems too good an offer if we can snag it for $3 mill.
Is it alright if I use it Tuesdays between 4 and 5 for a small fee Moses?
Camel 31
Years ago
Mal - ' We're the 36ers that play at the dome . I can get investment for the team and the venue , if we know that we are playing in the new league and how many games etc. and could probably cover the guarantee. But at the moment I'm burning money and no one will invest until it is known what the new league is.'
Isaac
Years ago
$3m wouldn't buy the Dome.
If the 36ers fell over, I think you could see the Dome sit there empty for a bit. Any income generated might not pay for management, maintenance, wear and tear, utilities, etc - not sure.
Moses Guthrie
Years ago
What's the likely cost then, Isaac? I'm contacting mates. No corporate boxes though - we need somewhere to live.
Anonymous - Tuesday is craft night for the girlfriends and wives at the Dome (we have to keep them happy too) but I'm sure we can free up a court for ya. ;-)
if you have 200 grand to invest , put it into a going concern not a sport that can't find an audience
Moses Guthrie
Years ago
Basketball is a concern for those of us who love the game. I still can't believe that with so many of us who live and breathe the game, that it can be in so much trouble. I'm half joking about buying the Dome but only half joking.
Can't wait for Thursday night "Uno Night". Bring your friends. Basketball might be dead but 8000 people watching a Uno championship? Good times, good times. ;-)
hangin round
Years ago
Perhaps we 're-locate' the 2 Pandas coming from China into the Dome. The tourism dollars would more than cover the cost. We could teach the pandas to supplement their bamboo diet with some locally bred rats from the Dome.
When a basketball game or Uno Championship is underway, we could herd the pandas onto court 3
(Mod: Permanent circus out on the lawn would make use of that space too...)
Isaac
Years ago
MW, resident pessimist, where've you been? ;)
Moses, more than what was originally paid plus more than what anyone would've paid for the upgrades since.
Kriss
Years ago
I'd think they may want to knock it down for real estate after a certain time period...be worth a bit that large area
Isaac
Years ago
Kriss, that large area is kinda separate to the Dome itself. I think it's owned by the council, and the Dome land itself is just the asphalt parking area.
$4m is roughly the figure I've been hearing for both. Not their prefered figure but thats the number they'd probably accept.
In paying that you'd also have to cover the losses that both the Dome and the 36ers would make annually.
From what I'm hearing the Dome loses between $250k & $500k a year currently, the 36ers between $1m - 1.5m.
You'd also have to supply the $1m bank guarantee.
And all NewNBL clubs are being forced to contribute to the costs of running the competition. As new owner of the 36ers you'd have to put up approx. $85,000 to set up the NewNBL office & pay for a GM (without having any input as to who that GM is or anyone else in the NewNBL office for that matter) and $50,000 for a central marketing campaign (which based on BA's latest attempt at a video I would consider $50k for zero return).
Then during the season you'd be expected to pay into the travel fund, pay for NewNBL League events such as the MVP Dinner (which didn't happen this year because the clubs wouldn't pay for it and BA certainly weren't going to) as well as all the other bits and pieces the clubs are forced to pay for themselves.
In return the NewNBL/BA would give you a spot in a compeititon which may have 9 teams, and may have anywhere from 11 - 16 home games and may have a TV deal with Fox which may or may not include live games against the gate. The NewNBL would take control of your brand, take control your website, take control of merchandising (but you'd get some return, what that is no one knows) and a percentage of gate takings from all Finals games.
Big risk for any businessman to buy into, full credit to those willing to lose millions of their hard earned $$s just to be involved in a second tier sporting league.
Isaac
Years ago
If it's so horrific, sell up and sit it out. At the right price there'd be people willing to give it a shot. $4m+ is not that right price when the valuation for the venue is $2m.
A
Years ago
'$4m+ is not that right price when the valuation for the venue is $2m.'
That includes the 36ers.
The valuation of the venue was not $2m. No idea where that figure comes from.
MW
Years ago
Seriously if Adelaide can't enter a side then Basketball in Australia is in big trouble
Isaac
Years ago
If by basketball, you only mean the NBL (and not U10 through to ABL, SEABL, QABL, WNBL and international games) and only the NBL as we've expected it to be. I think the NBL is currently knocking on the coffin trying to get out though!
MW
Years ago
Yeah NBL for now but what is this going to do for kids growing up choosing a sport at a young age when there is no national league? Will be interesting to see...
Isaac
Years ago
You don't think there will be a league back in action within the next year or so?
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