Trevor W
Years ago
State Govt to Bail out BSA!
The Govt. has again announced it will not be privatising any state assets under its new term.
(http://www.ministers.sa.gov.au/minister.asp?mId=6&pId=6&iHealth=0&sId=6220)
It has even signed a decree to that nature (can't find a media release). But what does this mean for BSA?
As the major creditor to BSA, the state govt. effectively ownes BSA, and as the owner, under its decree (more stringent than another politican promise), it cannot sell off any assets privately.
Surely this means Sixers must remain in BSA hands, and the only two otions that remain are folding (and they will not allow that), or a govt. bail out.
While we all thought this would happen, logically, its the only choice, the only surprise on April 30 will be, how much $$.