NBL require more info from Blaze
The NBL has just released a statement regarding the the Gold Coast Blaze and their future.
On Friday 13 July 2012, the ownership of the Gold Coast Blaze outlined to Basketball Australia a proposal for the club's participation in the 2012/13 iiNet National Basketball League Championship.
That proposal involves a 'partnership' with the Gold Coast Basketball Association - building on similar initiatives used by the Cairns Taipans and the Wollongong Hawks.
You can read the rest of the article HERE
It goes on to say that:
The club's owners have been asked to confirm the following by 31 July 2012:
- Irrefutable evidence that the club is able to put in place the current NBL required bank guarantee of $1 million;
- Detailed confirmation of major funding sources, as well as evidence of the working capital requirements of $500,000; and
- Absolute and unconditional assurance that the debt outstanding to BA will be paid no later than 31st August 2012.
I interpret this general statement as a way of saying that the future of the Blaze is still undecided...