Two months ago
NBL to distribute funds to clubs
From the AAP:
Kestelman said the new media deal is a financial "game-changer" for the NBL with the current 10 clubs to benefit from a revenue-sharing agreement with the league.
"Sustainability and providing the tools for them (the clubs) to be sustainable is our No.1 goal," Kestelman said.
"Being able to distribute some funds to them is a great start and it's something that I think will continue into the future.
"We already have clubs that are profitable and doing well and I think it's fair to say that we have some clubs that still have work to do.
"We have a renewed focus as a league to make sure that we give them both the tools and the assistance to make sure that they keep improving."
"This is the first time for a very long time where there's been a substantial cheque written to the NBL," Kestelman said.
"We're going to keep investing in what our product looks like, to what the head office looks like and to what the NBL delivers.
"The investment is going to go back into the league and into the product.
"We're in this for the long-term.
"The league came from having almost no revenue to being sustainable, profitable and growing.
"That's our goal. We're going to continue to keep investing in basketball and in particular the NBL."
From the SMH:
"From a financial point of view, we have reached what is a bit of a watershed moment in the history of the NBL in that I think this will be the first time to distribute funds to our clubs ... we hope that it continues long into the future and that those amounts continue to grow," Loeliger said.
Also, News Corp has agreed to having a full-time dedicated basketball reporter for its digital and newspaper mastheads.