Really can't believe some of the utter tripe in this thread:
So many saying "this is great, it must happen," without having a clue what the actual proposal is.
SO many people who have bitched forever about Marvin being the interim chairman and his so-called "conflict of interest." You now have EXACTLY what you demanded, a completely independent chairman, and NOW you want to sell the whole league to the guy behind Melbourne!?!?
All season, half the threads on this board have criticised those running Melbourne. From their ridiculous re-branding, their crap recruitment, poor management, arrogance, the VJBA "sponsorship," etc, etc. NOW you think those clowns will be the saviour of the NBL?!?!
You want expansion??? You really think his first priority will be getting another team in Melbourne to compete with MU? FMD
The NBL doesn't need saving.
The struggling clubs need saving, so why doen't he put his money/mouth there???
And have any of you even bothered to LOOK at his so-called "proposal"???
Basically he is offering to buy out 51% of the NBL for $2M, which obviously goes to the existing owners.
Then, he is promising to inject a further $5M (not sure how, possibly a loan).
And for only $5M he claims he will achieve the following:
Bail out the two bust clubs.
Fund two new expansion teams.
Forgo any TV revenue so it can be passed straight to the clubs.
Fund a massive marketing campaign.
Pay for a shared marketing & membership department that would be free to the clubs.
IF ANYONE has any idea how to achieve even a fraction of that for $5M, please apply for the job of CEO because the NBL would love to hear your ideas.
The reason Bendat (or anyone else) hasn't put up a similar offer is because they would be laughed at.
Keep in mind that even Bendat's money, and Sengstock's expertise, were not enough to get the Bullets back up and running (at least not yet.)
Irrespective of what it might take to buy a controlling interest, to fund what Kestleman promises would take at least $20M over three years.
Also note that you can't fund operating costs with capital.
But even lets assume he can fund some of what he promises until he burns through the $5M. THEN what?
The NBL needs LONG-TERM viability, not a short-term injection of funds. Propping up ailing clubs for a couple of years is all well and good, but if they then fold when the money runs out then we're right back where we started.
Obviously I am a Cats fan, but 13,000 fans packed into the Arena to watch Wildcats-Red play Wildcats-Black, or worse the Bejing Pandas, doesn't float my boat. Nor does "making the finals for the 30th consecutive year" when there are only 4 teams in the league. I WANT to see the NBL thrive, and ideally expand. I would love to see the Bullets return, the Wellington Saints bid get up, and the Crocs & Hawks survive.
If Kestleman (or anybody else) wants to tip a $1M each into those clubs, and/or fund an expansion team, then I'm all for it.
BUT, risk the ENTIRE NBL on his "more holes than swiss cheese" proposal? No thanks.