Isaac
Years ago
Possible NBL owner says funds needed 'ridiculous'
Basketball promoter Nick Mills, interested in starting a second NZ team in the Australian NBL, has called the funds required to enter "ridiculous".
He's looking to start a team in the Wellington area, possibly sharing games between two stadiums.
Mills wants to enter a Wellington franchise in the rebranded Australian league, which tips off in October, but is reeling after discovering it will cost about A$5 million (NZ$6.15 million).In the NZ NBL, the Wellington Saints are well-funded and popular.
"That's pie in the sky," he said after learning of the figures yesterday. "They will have two teams and it will be Rupert Murdoch versus Kerry Packer. It's just ridiculous."
The figures are contained in the ANBL's Expression of Interest documents, which will be circulated to all interested parties next week.
Scott Derwin says the NBL review hadn't really looked at targeting a second New Zealand team but it would be considered on its merits. As before, they're aiming for 8-10 teams.
More info here