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Other Statman
Last year

#30537

36ers statement re ownership, venue and coach

The NBL Website is reporting on a nicely worded press release about last Friday's Board Meeting.

http://www.nbl.com.au/teams/36ers/news/article/article/2013/january/36ers-board-outcomes/

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Loco
Last year
16:55 15 Jan 13

Reply #398979

re: 36ers Board Outcomes

That said absolutely frak all.


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natwhereyouat
Last year
17:02 15 Jan 13

Reply #398983

re: 36ers Board Outcomes

So.. Nothing has changed with the coach. They may go into private ownership but they may also go down the community model route. The Arena is still up for sale and discussions are under way for the sale.

Another words, as you were.


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Statman
Last year
17:19 15 Jan 13

Reply #398988

re: 36ers Board Outcomes

OP isnt me BTW - but what more can you expect it to say?

While we may all like to know everything that happens in the board room of the club - or other businesses for that matter - its not really any of our business.

The club is privatly owned and is as per the release exploring some options with other parties with regards to ownership. If things progress then one would think that the new owners would want to have input with regards to on and off court staff so there is no changes that can logically be made while these discussions continue.


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skud
Last year
17:21 15 Jan 13

Reply #398989

re: 36ers Board Outcomes

The best thing that can happen is the club is sold. This management group have shown that while they started with the best of intentions they no longer care about the success or destruction of the club.


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Marcus Camby
Last year
17:25 15 Jan 13

Reply #398990

re: 36ers Board Outcomes

A very wise move allow the organisation to allow the 3 year plan to come to fruition.


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PeterJohn
Last year
17:28 15 Jan 13

Reply #398991

re: 36ers Board Outcomes

I don't agree, Loco.

They've made clear statements that say more than has been public before: preferred ownership model is membership model (community) but they are happy to let Cole take out majority stake if due diligence is okay.

explicitly stated that they view the team's performance hasn't been good enough - people have been critical that the board hasn't said anything about this and this is a clear statement that they're not happy with the results this season, to date.

Stated clearly that Clarke is here for the rest of the season - no commitment beyond that. This gives the certainty that posters here have been asking for - whether posters like the situation is another question but the board has given certainty.

Unequivocal statement that they expect to be playing at the Arena for the next few seasons and that they base that view on discussions with potential owners. Again, that could change when the ownership situation is settled but they've made the board's view clear and the basis on which they've formed that view.




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Anonymous
Last year
17:57 15 Jan 13

Reply #398998

re: 36ers Board Outcomes

Further procrastination


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Anonymous
Last year
19:51 15 Jan 13

Reply #399027

re: 36ers Board Outcomes

"........... the 3 year plan to come to fruition."

I guess....

If the plan was to take the club to new found irrelevancy, then mission accomplished.


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eli1
Last year
20:01 15 Jan 13

Reply #399028

re: 36ers Board Outcomes

While it sounds cooshy and wonderful, i cant see another group buying the team, its players and a stadium.

The Ken Cole offer seems to good to be true, in fact it almost reminds me of the days when Ansett Mark II were in place. Remember Lindsay Fox and Solomon Lew's promise to bring the airline back to its glory days? What glory days, it went ass up and never recovered.

While they are two different kettles of fish, I just dont see how words will make something happen.

I think if SOS decide this is their last year, then wave goodbye to basketball. Its sadly very much dependent on who owns the stadium


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Anonymous
Last year
20:21 15 Jan 13

Reply #399034

re: 36ers Board Outcomes

QUOTE eli1:

"I just dont see how words will make something happen."

Cool, stand by that & STFU.


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SOS#9
Last year
20:27 15 Jan 13

Reply #399035

re: 36ers Board Outcomes

But who would buy the Club?

When the SOS was formed I was invited to invest in the group by a member who I won't name for privacy reasons. In the end I didn't join the group, but I informed the member who I liaised with that I would be interested if there were more substantial details provided with a better business plan and kept my powder dry with an option for future investment, albeit at a possibly higher buy in price.

This member had his head screwed on right and listed a number of business ideas to move forward. Sadly a number of these have not come to fruition.

For example, one idea that this member has was to engage the basketball community via a levy or the like to basketball players. This would provide some financial base for the club as well as get the community linkages required to build and develop the supporter base. While the levy may have only been $20/player and the revenue relatively low, it would have been the start of community involvement.

In assessing the proposal I discussed the matter with a business associate who is in management in an organisation with a another sport and who had involvement with the Sixers and the NBL. There were a few gaps identified and opportunities for improvement that were fed back to the member. Most of the issues we identified we actually NBL related and not Sixers related. There were some structural issues that the NBL needed to address.

However, having said that, the business model proposed to us still relied on some optimistic numbers. We noted that the key to the financial model of the club was obviously creating a passive income stream either coming from asset utilisation, or from the governing body in the form of dispersement of TV rights, or sponsorship funds similar to what the AFL do. Sales of merchandise etc would be the icing on the cake.

After deliberating over the proposal, I declined, but I still have a lot of respect for the men who formed the SOS and who took on that risk.

Sadly, owning an NBL club is a high risk investment with little or no return. The NBL is perhaps the only national sporting league where the path is littered with former clubs.


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Anonymous
Last year
20:44 15 Jan 13

Reply #399038

re: 36ers Board Outcomes

soccer and basketball the king of 'former clubs'.


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Loco
Last year
21:54 15 Jan 13

Reply #399048

re: 36ers Board Outcomes

Definitely a valid viewpoint PeterJohn. I'm not sure what else I expected to hear to be honest.


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Isaac
Last year
22:39 15 Jan 13

Reply #399051

re: 36ers Board Outcomes

PeterJohn, +1.


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Anonymous
Last year
22:48 15 Jan 13

Reply #399054

re: 36ers Board Outcomes

Skud. To imply they don't care because they are looking at other options that are best for the club and after all this time may be better for them is not something we can blame them for. Don't be a fool and imply they don't care.

I reckon if Cole falls through and I think it's a load of crap these guys will still want to do what's best for the club

I thank them.


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Isaac
Last year
22:51 15 Jan 13

Reply #399056

re: 36ers statement re ownership, venue and coach

Skud, to say owners don't care about the club is seriously offensive.


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Tornado
Last year
08:44 16 Jan 13

Reply #399101

re: 36ers statement re ownership, venue and coach

Isnt Cole terminally ill? How would this affect his buy in?


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kracka_bballin
Last year
09:03 16 Jan 13

Reply #399105

re: 36ers statement re ownership, venue and coach

Spoke to Cole at all star game, he's very keen on buyin the club and has some great ideas on turning it around


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