Anonymous
Years ago

Yet Another Sale Update

All 3 bidders have still not put in conforming bids, even though we are 7 days past the deadline.

All 3 want to have concerts there, even if this is possible, it will take 12-24 months at least to get that sorted out.

So this will obviously reduce the bids by a huge amount. With basketball the only thing that can happen there and yearly expenses of over $700,000 I would say none of the 3 would pay more then $1,000,000 for it, and even that is too high as when you think about it the Government just want it off their hands, so maybe $1 will get it.

The team will go for between $350,000-$500,000 remember that last year without money for a venure they still lost over $700,000.

Maybe BASA may get the debt wiped and be able to old on to both the team and stadium.

The girls team will be sold.

Collectively the Dome and the Team will struggle to get over $1,500,000.

Topic #7837 | Report this topic


tity  
Years ago

Why dosent Forestville just buy it already?

Reply #87805 | Report this post


RUMOR MONGER  
Years ago

Leyton hewitt and gordon pickard are buying the dome

Reply #87828 | Report this post


just wondering  
Years ago

Big boys toy - big white elephant.
Hopefully they get a better price.
There are obviously 2 people making money on this whole deal. How much did the govt put in since Jan $3.6m is it ? - where has all that money gone - could have bought 1 dome, 12 36ers and a dash of lightning and had over $2m left over. You don't have to be einstein to see where this is all heading. Heard the new board is a hoot !!!! How many potential bidders changed their minds when they saw the new board and who was to be running the game ? Interesting ? What was the amount that the VBA just got from their vic govt - $84m ???? Good to see the game is in good hands. God bless basketball and to those persons and the pockets of those that is has lined - may the flees of a thousand camels infest you

Reply #87882 | Report this post




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