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Years ago

Jawai and Bogut donate to help Taipans.

In today's paper (Herald-Sun Melbourne):

"Taipans still alive"

"A 'Save the Taipans' bid took the first step towards doing just that by buying the Cairns NBL licence.
Backed by almost 150 pledges of $5000 each fro its bid, Cairns Basketball successfully made an offer to Taipans liquidator KPMG.
The sale is conditional on the Taipans being accepted in next season's new-look NBL.
CB President Denis Donaghy said the bid team would work hard to meet all of Basketball Australia's conditions for entry in the new league.
To qualify, the Taipans bid must have a $1 million unconditional bank guarantee, $500,000 in paid-up and available working capital and a three-year commitment from naming rights and other sponsors."

Reply #225710 Report this topic

Anonymous

Years ago

I have carefully read all that is written above.
Therefore maybe it is best for the 36ers to put in a non compliant bid.

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Anonymous

Years ago

Lockstock, a Mortgage on a Lease at the Dome wouldn't be worth writing.

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Mystro

Years ago

The Breakers are one of the most financially viable franchises in the league with alot of backing from the local community and businesses , I would worry about all of the Australian clubs coming up with their cash before worrying about what the Breakers are up to lol.

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Anonymous

Years ago

You can only put something up for security if you own it outright or have some equity in it left after a mortgage. So I assume the league would take a 1st or 2nd Mortgage over the stadium or put a caveat on it showing their interest. Most of the teams in the league wouldn't own anything, they lease stadiums & practice courts.

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Anonymous

Years ago

The 36ers might have some old clipsal clappers they could put up for security.

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Years ago

Same story also in today's Herald-Sun in Melbourne.

Here is the newspaper "In Brief" in full verbatim:

"Boomers star Andrew Bogut has offered his support and fellow NBA player Nathan Jawai, a former Taipan, has pledged thousands of dollars to help keep the Cairns Taipans alive in the NBL. Backed by almost 150 pledges of $5000 to the 'Save the Taipans' bid, Cairns Basketball has made an offer for the club's licence. CB President Denis Donaghy met liquidator KPMG on Monday and expects a response within days. Donaghy hoped Saturday night's regular-season finale at home against South Dragons would not draw the curtain on the club's 10-year existence."

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Jawai and Bogut donate to help Taipans.

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