
Isaac
Years ago
New NBL plans hit turbulence
The reform of the embattled National Basketball League is in disarray, with a group of club owners at loggerheads with the board of Basketball Australia over the commercial direction of the new league.
The latest impasse is just one of a series of disagreements between club owners and the board that have delayed an announcement on the shape of the new league, which had been expected at the beginning of this month.
The Age has learned that a majority of club owners are concerned about the commercial direction of the reformed NBL and are reluctant to hand control over those decisions to the BA board.
However it is expected that today's meeting of the owners' group and the board will clarify the situation one way or the other.Full story here at The Age
The disagreement follows a separate stoush last week over BA's requirement that every club provide a $1 million bank guarantee as a condition of entry into the new league, which led to the resignation of Melbourne Tigers' co-owner Seamus McPeake from the BA board.
South Dragons and Perth Wildcats argued successfully that they should not have to provide the surety, as the financial positions of their ownership groups, coupled with their commitment to their respective clubs, made it an unnecessary measure.
Why is this only coming up now? Did the league not consult seriously with owners early enough?
It's a bit amusing though that owners are bullying the league into changing its position, and that McPeake is actually on the league's side - credit to him for that.
As long as they don't eliminate the pooled marketing payment we've heard about - IMO, that's more critical than the bank guarantee.