Mick
Years ago
So in light of the Crocs' demise and with a community model seemingly the only way forward for the club, how much capital is actually required to "float" an NBL franchise?
How much did Cairns and Wollongong start with?
They had someone to guarantee the $1mill. for starters. If I were you I would be asking the question about the Sixers as well going down this road.
Getting a community model up for any team in the next month and a half wont happen. Thats the dealine that there is for the NBL to commit to their 8 team competition for the TV stuff to continue.
Isaac
Years ago
Never really asked about details, but I think that NRE in Wollongong basically cover any shortfall. They also essentially give the Hawks an operating budget for the roster which is obviously below the cap.
FWIW, I believe that Wollongong (and probably Cairns) are more than happy to explain their setup to other teams considering the community model.
Word is that the Hawks are shaky, Adelaide ahs to be shaky.
NBL Fan
Years ago
Kristina Keneally sounds like an idiot not letting George Colbran be a part on the NBL's conference.
http://blogs.abc.net.au/queensland/2013/04/george-colbran-talks-about-the-crocs.html
RT
Years ago
Are the 36ers going down the community model format?
Have not herd anything other than general discussion about this.
Mick
Years ago
Because it's just stupid. "You're not an owner any more, you're not allowed in. I don't believe you. Wah Wah Wah"
Vladimir Putin
Years ago
Oh,I understand mick, you are laughing at her . He is still an owner. If you hear George's side of the story, you'll see he is right. BA have had access to the crocs books anytime.
Good idea letting the owner into a private meeting when that same owner just walked. The discussions would be privelidged and they discussions would be what are we going to do about the Crocs situation. George is only interested in 2 things. George and making money.
The Crocs had 61 HOME sell-out games in a row. No thought then about looking after the Crocs in the future.
If George was only interested in making money why has the club continually lost 500K a year for the past 6 years???
Maybe the club should have found an extra 500K a year or spent 500k a year less.
If they sell out games and still lose money year after year there's a massive fundamental issue with the entire program.
Vladimir Putin
Years ago
115 - what bullshit you say ! George wears his heart on his sleeve. He has poured thousands of his own money into the crocs. If you drive around Townsville, you would see all the other sports he sponsors at the junior and senior levels. I take offence to your comment. You're an idiot.
Undoubtedly George and co have put in $2.5mill at least over the last 6 seasons. I am sure he is a great community supporter too. It has been rumoured for a long time now that if they were bleeding they would walk. Guess what they tried to walk without even reading their own ownership obligations.
The continual home sellouts were in their profit making days. Of recent seasons and where the losses have occurred poor management has lost the fans, the on court success has been limited, poor player selection, finals appearances token and losing fan favourites like Rillie, Homicide and even stacker has disenfranchised the fans who are now expected to save the club.
BBL say they have the community model ready to go and maybe they should have implemented that idea earlier when they had the money.
The community model still relies on a benefactor. Who pays the $1million bank guarantee? Who picks up the short fall each season that the team losses every season? A cash influx is far from the long term answer unfortunately.
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