This is the timeline that was reported in the 'Adelaide Now' paper:
* 1989 - $12 million loan to BASA by the Government to construct the Clipsal Powerhouse at Findon.
* 1991 - $3 million extra advanced by Government.
* 1995 - $250,000 annual Government grant to BASA to hold entertainment functions at basketball stadium (continued in 2002 restructure).
* 1998 - Financial arrangements between BASA and Government reviewed by Equity & Advisory Ltd. Review found BASA would need to fund loan obligations from external sources or asset sales if loan from Government was not restructured and percentage of debt forgiven.
* 1999 - $250,000 Government grant to BASA to promote basketball in the state. Ceased in 2002 restructure.
* 2000 - Revised financial arrangements resulting in partial write-off and restructuring of original loan with outstanding BASA loan amount being $11 million and instalments payable half-yearly over 20 years to June 30, 2020. Interest rate reset to prevailing market rate.
* 2001 - Two further general-purpose grants of $300,000 (for 2000-01) and 250,000 (for 2001-02) paid to BASA to overcome financial difficulties associated with GST.
* 2002 - Government provided financial assistance package that included: Loan structure whereby interest is not paid for a period of five years expiring June 30, 2007; Repayment of principal on maturity of the loan in 2020 (previously annual principal repayments were required); Annual grants of $250,000 for a five-year period expiring June 30, 2007.
* 2004 - Auditor-General tables his report on a review of BASA to both Houses of Parliament - requested by the Treasurer in view of BASA's financial situation. The report included a number of recommendations including establishing a level of indebtedness for BASA that can reasonably be serviced by the organisation from 2007-08.
* 2004 - The BASA Board appoints PPB to undertake solvency review of BASA. The main conclusions of the report indicated continuing underlying financial problems at BASA and noted that without increased financial support from the Government, and in the absence of a realistic restructuring strategy, BASA would not be able to pay its debts as and when they fall due.
* 2005 - In view of consistent substantive yearly losses incurred ($734,000 loss for 2003-04 and $708,000 loss for 2004-05), the Treasurer approved the engagement of PPB to undertake further analysis of BASA's operations and identify restructuring options for BASH.
* 2006 - Three BASA assets sold - The Adelaide 36ers to Mal Hemmerling and the Distinctive Homes Dome to Eddy Groves for net $3.95 million; the Adelaide Lightning to Link Engineering for $113,000. New Basketball SA Commission formed to administer grassroots basketball.