This jersey has just become a collectors item.
This statement was released by the NBL earlier today.
The National Basketball League released the following statement from interim Chief Executive Officer Scott Derwin in response to the announcement by the Cairns Taipans that the club had been placed into voluntary administration.
“I received a call from Cairns Taipans majority owner, John O’Brien late last night informing us that he had placed the club into voluntary administration,” said Derwin.
“The decision to hand the club over to administrators has come as a shock to the League as it had received no previous indication from the Taipans that the club was experiencing extreme financial difficulties.
“There was also no prior indication from the club that it intended to take this course of action when the recent issues surrounding the Sydney Spirit were being addressed, which is disappointing.”
“The League understands that John O’Brien is acting in a responsible and ethical manner by appointing an administrator, choosing not to run the risk of trading while insolvent,” said Mr Derwin. “We are confident the appropriate administrator has been appointed to make sound business decisions regarding the financial viability of the club.
“I will be meeting with the administrator today to determine the extent of the club’s financial situation and to explore all possible options for the Taipans to continue to play in the NBL. However, it is the administrators, which will ultimately decide the future of the club.
“We remain hopeful that a way can be found for the club to play out the rest of the season.”
Derwin stated that the recent issues surrounding the financial viability of some NBL clubs highlighted why basketball in Australia was undergoing significant reform. “Basketball now has a unified national governing body to run the sport with a revised management structure focused on delivering strong commercial and community benefits for the sport."
“The need for greater accountability and commercial viability will see the introduction of a more stringent criteria for the ‘New NBL’, in terms of ownership guidelines and financial guarantees, when it is launched next season.”
The National Basketball League released the following statement from interim Chief Executive Officer Scott Derwin in response to the announcement by the Cairns Taipans that the club had been placed into voluntary administration.
“I received a call from Cairns Taipans majority owner, John O’Brien late last night informing us that he had placed the club into voluntary administration,” said Derwin.
“The decision to hand the club over to administrators has come as a shock to the League as it had received no previous indication from the Taipans that the club was experiencing extreme financial difficulties.
“There was also no prior indication from the club that it intended to take this course of action when the recent issues surrounding the Sydney Spirit were being addressed, which is disappointing.”
“The League understands that John O’Brien is acting in a responsible and ethical manner by appointing an administrator, choosing not to run the risk of trading while insolvent,” said Mr Derwin. “We are confident the appropriate administrator has been appointed to make sound business decisions regarding the financial viability of the club.
“I will be meeting with the administrator today to determine the extent of the club’s financial situation and to explore all possible options for the Taipans to continue to play in the NBL. However, it is the administrators, which will ultimately decide the future of the club.
“We remain hopeful that a way can be found for the club to play out the rest of the season.”
Derwin stated that the recent issues surrounding the financial viability of some NBL clubs highlighted why basketball in Australia was undergoing significant reform. “Basketball now has a unified national governing body to run the sport with a revised management structure focused on delivering strong commercial and community benefits for the sport."
“The need for greater accountability and commercial viability will see the introduction of a more stringent criteria for the ‘New NBL’, in terms of ownership guidelines and financial guarantees, when it is launched next season.”
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5 comments:
I'm an Aussie living in the US. Big NBL and big Tigers fan. I'm gutted that so many clubs are falling into financial strife. JR - despite all this NBL restructuring, do you really think the NBL is viable financially and has enough public support going forward. I really have my doubts if the biggest city in the country can't even get a decent crowd there to support them.
Hey JR - not sure if you get to read these comments or not. Tough loss in Adelaide tonight...those guys are rolling at the moment aren't they.
It is tough to find someone passionate about basketball to talk to in this country, so thought to leave my thoughts with you.
I could type for days, but will try and keep it as brief as possible.
The NBL is obviously in serious trouble. I don't understand how a team like Cairns can pay their guys double what they could fetch elsewhere in the league and then turn around and complain about venue costs and shut up shop.
You love the NCAA right? And you love hoops and it would be an unforgivable tragedy if it was not righted in this country.
Why not set up our national comp like the NCAA does.
Have a conference and non conference schedule.
Have invitational tournaments like they do in the USA in pre-season and over holiday periods where 4 or 5 teams play a tournament style comp which counts to the overall schedule.
Then at the end of the season, have a 1 and done type playoff tournament. Obviously not the 65 team tourney they have, but a 12-14 team tournament with the top seed hosting each region/conference.
OK, are there enough teams for a system like this?
Well, the NBL clubs are struggling, but the ABA, and SEABL in particular are thriving. The commitment to grass roots and community are the key reasons which are the difference between SEABL and NBL clubs.
So we would have the Cairns Marlins, T'Ville Crocs, Brisbane, Gold Coast, Rockhampton in the north conference.
Melbourne, Sth. Melbourne, Geelong, Hobart, Bendigo in the south.
Then we have a west conf of SA and WA based teams.
Once a year, Crocs host a Christmas Classic of Melbourne, Dragons, Geelong and a WA team.
Then for Australia Day Geelong host a SA team, Brisbane and etc etc.
At the end of the year, we have regions like the NCAA and we play off tournament style.
Mate, I could talk all day on this so will leave it here for now or else you won't have time to write your own blog today.
It is an idea which is in its infancy....the stronger clubs will continue to dominate you would think, but like Northwestern beating Iowa a few years back, how fun would it be for fans to go and watch a tournament and see Geelong upset the Dragons and then go on to play the Crocs for a shot at a national title?
The reasons for this style of comp - it would reduce the length of the season so guys like Schenscher can go and earn his 100k in Europe and still play in our 4 mth comp.
Guys like you and your man Stewie can still play but earn most of your $ from running the community style programs for the club. Still make a living hooping and sustaining the game's future.
Lastly, playing conferences, with only a small number of tournaments/travel games, the costs of travel will be reduced.
All points which will help clubs remain financially viable.
Lastly, there is no reason that a team like the Geelong Supercats, with a couple of solid imports can't walk into the Swamp and give your current Crocs squad a shake.
It would be a spectacle and a foundation to rebuild our game.
I think those are greats suggestion.
Such a comp would embed the clubs at the grass roots level also.
JR, PLEASE CHANGE THE TEXT COLOUR SO WE CAN READ THE BLOG COMMENTS WITHOUT HAVING TO HIGHLIGHT THEM?
so what's gonna happen to Scabney now - just goes to show that money can't buy a championship if you spend it all on the players and forget about the infrastructure of the team :(
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