Swish 'n Dish
Years ago
Just saw an ad for Nine News tomorrow, advising that the is a road block for the consortium to contend with. Comment was that it would not go down well in an election year. Assume this is the $1m guarantee.
Unsure who the 'face' of the consortium was.
NVS
Years ago
Ah now we wait for the flurry of insults etc on this forum regarding the new consortium not being able to get the $1m guarantee (if that is in fact the case based on Swish 'n Dish's post).
paul
Years ago
I think youll find they were saying that the government letting the Sixers die would not be popular in an election year.
A $1mill bank guarantee is nothing for an organisation as big as a state gov, it would be given unconditionally without any money actually being put up.
NVS
Years ago
Just saw it on Nine News. It was Lott (cant remember his first name) talking about BA changing the rules regarding the guarantee, criteria etc. Lack of direction from BA is preventing the consortium obtaining sponsors.
NVS
Years ago
Thats him. Just watched it again as i taped it. I have it on my DVD hard drive recorder but have no idea how to upload it on net.
Also said that BA had specifically said to him that the $1m guarantee was not a requirement for the existing teams. Personally I dont think that this statement of his is 100% correct.
Blames State government for restricting use of Dome to just basketball which is making it difficult to sell. Also believes the government will be partly to blame if the Sixers have to fold, not going to look good in an election year.
FOC
Years ago
NVS - Guaranteed that the comment is correct about BA saying the guarantee wouldn't be necessary for Adelaide. And it is in the EOI document. 100%.
NVS
Years ago
FOC - That is not correct. It is not in the EOI document. Existing teams do not have to pay the $1m application fee. There is nothing about existing teams and the $1m guarantee.
You need to be a registered user to post from this location. Register here.
Advertise on Hoops to a very focused, local and sports-keen audience. Email for rates and options.
An Australian basketball forum covering NBL, WNBL, ABL, Juniors plus NBA, WNBA, NZ, Europe, etc | Forum time is: 7:59 am, Wed 24 Apr 2024 | Posts: 968,026 | Last 7 days: 754
