Not sure what financials you are referring to. BV run a 31 Dec year end, and so they are into their third quarter. So comments on their financials don't make sense. Not doubting they may have financial strains, but this is gobbledygook.

The Auditors report made several points of which were.
1. Competitions resume by September 2020
2. The ARPs are collected from April to November.

The actual financial situation may already be so much worse than what was released as they were accounts up until the end of December 31 2019. One would suspect that the financial situation has deteriated to an even worse situation by June 30 even with Job keeper andd also any government assistance as the pot for that was not that big for all sports.

The clubs ha e stopped payo g the discounted ARP to my understanding after March as they have cash flow issues which is understandable but BNSW cannot afford to write that off either.

The Auditors also wrote the following,
stated in Note 1 b) these events or conditions, along with other matters set forth in Note 1 b), indicate a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

This has to be a concern as they have previously been in administration and thee sport can survive without the state body but not without the clubs.

I want tee game to survive but these are difficult times in replacing lost revenue from programs for state bodies as well as clubs. With the government about to reduce job keeper job losses can be expected.

How does a state body replace over 5 million dollars in revenue from a subsidiary which is now closed down?

Whrn you see how scary the state finances are and without a lot of government assistance things will be tough and when you have executives earning over 881k a year will they be salary sacrificing to ensure they continue.

The figures outlined were calandsr year so when updated to reflect the actual financial year. These times are difficult and clubs need to be the priority.

One important element you seem to be over looking, those fees paid are paid by patents of kids who are still going to want to play once some form of normality goes into gear, it's not like they will stop,Ayung because "they don’t get paid and have to chose another sport", most basketball clubs run on volunteers, only revenue lost is to the stadiums, which will all still be standing .
Yep state bodies may be running short, but most will have enough to get by, anyone laid off from a paid full time even part time position can get jobkeeper if the business has a 39% or more down turn,
Stop being a screaming Nancy, everyone’s in the same crap, at the end of the day, basketball will still be going

Fear Anon,

I guess you miss the point as state bodies are struggling more so and their own Auditors have said they are struggling to survive as a stand alone entity. The calandar year reports indicate NSW had a small profit but as all te ports are to be finalized at June 40 it is hard to wait 13 months to see how it turns out.

The discounted the ARP fees and even then clubs are bot paying the previous money since going to payg.

Thr biggest revenue getter for BNSW was Horizen Sports which last year gave 5 million dollars to the group. Also 760k from theit venues which will be struggling this year to give anything and as Horizen was put into admin and that means this year revenue will be down 5 million from that and realistically potentially down close to 7 million. So if they lose 7 or even 6 million from 11.7 million revenue sometjing has to give. 3 million of their revenue which goes to wages and entitlements without their car benefits and I believe includes the executi e wages off 881k and there isn't a lot of staff getting that money 4 maybe 5. They will be lucky if things continue as is for much longer that they will struggle to pay their wages this year. The important thing is clubs survive as they don't need the state body to survive as clubs can do thrritt own draws and organize reps as they do mostly now anyway.

If you are OK with the sport being in such a financially perilous state and no light on how to increase revenue as you can expect higher fees to come in.

NSW Basketball under pressure to keep going.

With potential revenue shortfalls of between 5.5 to 7 million dollars per year from a total revenue base of 11. 5 million Their auditors ha e expressed concerns about their ability to survive unless certain Conditions improve.

Some of these will not improve over the next 12 to 24 months. They have sent their report to ASIC which they have confirmed they h e and are currently being investigated. Will NSW basketball be again forced into a deed arrangement as they were before.