Anonymous
Years ago

Why don't BSA and SAC save the Lightning!

Seems very strange that with the amount of coin both BSA and SAC have in their coffers why don't they put the money in to save the Lightning.
BSA have been on radio asking for investors but all this time they have easily enough $$ to save the Lightning themselves. And SAC could assist also as it's well known they have lots of $$ as well.
If these two organisations are serious about giving their young female athletes a pathway to the professional level (that is all you hear from them) then they could both put the coin forward and this issue would be resolved.
Aren't they both not for profit organisations anyway??

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Anonymous  
Years ago

Because it loses money every year. BSA might have coin in their account now, but if they lightning the money will be gone in a few years

If you don't believe me, ask Basketball WA, when they had to buy the Waves. Bleed them dry, they were desperate for the Wildcats to come along and buy it, so they'd stop losing money

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+  
Years ago

IMO - I expect BSA involvement but not ownership. They were burnt badly with a lot of flak from the state govt several years ago. There is a need to upgrade stadiums and keep grass roots bball growing.
So I fully respect their situation.

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Isaac  
Years ago

You'd imagine that BSA are working towards stadium upgrades as has already been said. They could fund the Lightning, but for how long?

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Anonymous  
Years ago

Don't be fooled by the very low numbers in coin being thrown around, stop and think, the quoted $150k would not pay the airfares and accommodation requirements for the season, if fact the advertising & Marketing budget wouldn't be covered by that.

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Anonymous  
Years ago

So BSA are asking other companies to invest and therefore lose money??
They need to invest some sort of $$ figure to give other companies confidence that BSA are actually confident in the product they are trying to sell

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Camel 31  
Years ago

Indicated on tvnews that bsa,ba and sixers have put in and a new sponsor is close...gotta a feeling that is state government

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PlaymakerMo  
Years ago

"So BSA are asking other companies to invest and therefore lose money??

They need to invest some sort of $$ figure to give other companies confidence that BSA are actually confident in the product they are trying to sell"

What an utterly ridiculous comment, 589.

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Anonymous  
Years ago

BSA have invested money, staff hours, paid for a consultant and will invest at least 75k into the Lightning to keep it alive for 2015/16.

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POP  
Years ago

#589 is spot on. That is exactly how a formal fund-raising campaign works. The first 'ask' is of those doing the asking, so they are - and can show that they are - committed.

I'm not debating the pros or cons of BSA being involved, but #589 is totally right about the concept.

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PeterJohn  
Years ago

Further to Anon # above's comment, Boti provided the following estimate of Marino's cost of owning the Lightning:

"You don't pour in some $4million-plus over 8-9 years and not bleed Lightning red."

IIRC, someone posted recently that BSA has about $1.7 million in the bank. I don't know if that's right but no-one contested that number at the time.

Those two sets of numbers support the posts above about the short term nature of any solution that involves BSA owning the Lightning.

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Anonymous  
Years ago

1. Not for profit doesn't mean you cant have a net surplus at the end of they year of have money in the bank, it means that your profit doesn't get distributed to members.

2. The risk to the rest of the basketball system would be too great to purchase.

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Matthew  
Years ago

Even with 1.7 million in the bank , thats not going to last long when you are running a WNBL team.

ITs also not the job of either BSA or SAC to run a WNBL team or own one. Their job is to look after the grassroots of Basketball in WA.

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'  
Years ago

big spending on a motor sports park at tailem bend

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'  
Years ago

makes the lightnings needs look small to meet when you look at moneys spent on other sports - surely there would be some private sector interest ?

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Matthew  
Years ago

If there was private sector interest, then there wouldnt need to be a front page article in an Adelaide Newspaper about this and a campaign to find the funds. Generally businesses dont wait until they get ask to get involved, its really them doing so themselves to find someone A) they want to support B) Something that builds their public image.

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Anonymous  
Years ago

?

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Camel 31  
Years ago

australian sports foundation raising funds...asf.org.au

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