Past Champion
Years ago
Wayne Jackson 5AA tonight
Will be on the KG and Cornes sport shows tonight to discuss the sale of the Sixers, Lightning and dome. He will most likely be on at the 4:50pm timeslot or 5:30pm time slot as Wayne Carey is usually on at 5:10pm and basketball will not bump a football identity on Friday night.
Sixers33
Years ago
He said that they won't sell top someone who isn't prepared to invest in this team also the resources adelaide use is less than eastern state teams. (facilities ect.)
Tynan
Years ago
Forgetting some of the garbage (sorry emotion) posted on the other thread on the sale issue, the crux of Jackson's comments are :-
1. The Dome owes the Govt $10 mill
2. BASA owes another $2 to $3 mill
3. The 36'ers LOST money last year, but from what he intimated this was because of the interest cost on the $10 mill
4. They are all for sale by tender separately or combined
5. The land surrounding is not part of the deal, its owned by the Council (and can't be built on)
6. 36ers Salary cap $750k but going up. Not including coaches, support staff, admin staff to run etc.
7. Then you have to play somewhere rent, etc
So how much do they really believe any of these things (assets???) are worth?
Not a lot to any business person or investor who would be looking for a minimum return of 15%.
So lets hope there is someone out there (a very rich benefactor who loves basketball and Adelaide)who is prepared to rip up money.
By the way if they go separately ( and I hope they don't) the best buy will be the Lightning. Cheapest price,as its the lowest performing asset (??), with the most upside.
Biggest question of course is when the best offer for everything is about $2 to $3 mill combined, will they sell, and what happens to the other $10 mill. If thats not written off folks its still a BASA debt.
So where does that leave the state of our game??
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