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Camel 31

Years ago

White knight to save Gold Coast?

As I recall Bendat didn't wanna put one up 'cause he was rich.
Here Groves didn't put one up . Later, he sold the team.
On radio : " Have the new owners put up the $1M ?"
Sengstock : " Er , well , er , we've met them , and
well ,er, they have the financial means to run the club. "

Reply #370445 Report this topic

Years ago

I wa reading today's Gold Coast Bulletin and it confirms they have raised the 500k but do not have the bank guarantee but are indicating they could do so by the end of this year...now over to BA...

Have BA allowed other teams leeway on the bank guarantee in the past?

Reply #370428 Report this topic

OrangeArmy

Years ago

Daniel Meets did not say the club was playing out of the GCCC - it was one of the reasons they burnt so much money. BA needs to apply the $1mil rule to everyone or remove it. They remove it we'll be revisiting this again with owners walking away and players/coaches/fans out of pocket. When will this bullshit with owners going into VA to get out of bills and then restarting again result in anything different ? I want the Blaze to stay around, but this is destroying the league's credibility. If they had a $1mil guarantee, it would have been activated and paid everything out and the NBL would have taken the license back. Its practically trading insolvent atm.

Reply #370409 Report this topic

Natwhereyouat

Years ago

bowtie, it certainly looks that way from the outside..

Reply #370402 Report this topic

Natwhereyouat

Years ago

The official word is.. Gold Coast have obtained the 500k via a corporate fan. The Blaze have submitted their proposal to BA/NBL.

BA will meet on Monday to go over the proposal and decide the outcome.

Reply #370349 Report this topic

George

Years ago

PLEASE SURVIVE!!!!!

Reply #370220 Report this topic

orbit

Years ago

There won't be any players left!

Reply #370160 Report this topic

Natwhereyouat

Years ago

NBL want teams to be community model teams.. Rightly so. These owner teams fail when the owner gets sick of losing money or bored.

As much as i'm a fan of Tinkler's marketing ideas etc, i agree with the NBL/BA's stance.

Reply #370158 Report this topic

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White knight to save Gold Coast?

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