KL
Last week
Are NBL Clubs Profitable?
I know we debate this from time to time on here but this is from an ESPN article of today:
"The league has boomed since Kestelman took ownership in 2015, selling out 55 games this season and welcoming more than 1.1 million punters through the gates - an all-time record.
But despite this, only four of the NBL's teams - Perth, Melbourne United, Tasmania and Cairns - currently run at a profit.
The Hawks are the worst financial performers of the remaining six.
They are expected to post a seven-figure loss for the recent season despite an excellent campaign culminating in the club's second championship.
No team has folded since Kestelman bought the NBL, with the league hopeful of ensuring the future of the Hawks, the last remaining foundation club."
Just goes to show how well Cairns must be administered to turn a profit on their limited revenue.
