Hoops

NBL clubs lose $15-20million

Taipans have operated in the black since coming back as a community owned club over a decade ago. maybe a few other clubs coukd learn something from that..

love the hypocrisy from cats fans. butthurt whining about sydney and melbourne buying a championship when it's exactly what they've been doing for decades. never change flog army.

NRL are deluded. It's an entertainment product yet are asking for a handout as if they're in the healthcare industry.

Getting rid of the brass band would mean even more pop songs of 20 years ago being played during the game, so I'm good with paying extra for them.
Those morph suit dudes can gtfo but I'm assuming/hoping they're not paid by the cats to be there

Why do we overspend, egos of owners trying to win championship, case of keeping up with the Jones.
Why aren't more clubs going bankrupt, case of bad PR so AFL gives bailouts while already footing bills for Gold Coast and GWS.
Even locally, clubs spending money just to contend. Southern get caught short, given a bailout from a parent then go back to spending on senior teams instead of getting club back into a sound financial position.
Imo, the bailouts should stop, spend within your means, if not become bankrupt and get kicked out. I'm sure there's plenty of small businesses that would love a white knight to come in. But big business like Holden's get these packages and end up leaving anyway. Now welfare recipients get $750 extra to buy more ciggies and Nike's to save the economy, what a joke it all is!

Sport in Australia generally just isn't profitable.

There is only one sporting league where the majority of teams make a profit- the AFL. And some of those clubs are only profitable because of their pokies revenue.

I'm happy LK is pushing bball along and the NBL is in the best shape it's ever been.

But we should be realistic and understand how very near impossible it is to have a financially sustainable comp, and how easily things could go backwards again.

I am clueless about that reference, but when talking about business in public, always speak as if the ATO is listening.

Was Troy Georgiu channeling boxing promoter Bill Mordey when he said the Wildcats will get pretty close to breaking even?

Hold out for the ABC to report otherwise untrue...

Its source is right leaning do must not be true. Will wait till its confirmed in the Age...

Who owns the Australia?
What sport do they support?
Is it a competitor to the NBL?

Just follow the money....

Kings not losing money, total load shite.

So just speculation....

Everyone be like “36ers losing $10 million of it”

Murdoch rubbish, nrl should have gone broke years ago.

Theaustralian, enough said.
15-20, which is it?

The State Government is set to announce a major funding increase to grassroots basketball including the building of a 5 court stadium in Jay Weatherill's marginal seat of Cheltenham and several other stadiums to replace Hillcrest and Marion, but some say at a cost. The first being access for ASADA to undertake random drug testing from U12's and above and the second is to introduce zoning to the sport.

In a landmark decision set to turn junior basketball upside down, the Club Presidents have agreed 8 to 2 accept this multi-million dollar funding deal and to introduce zoning next junior season based on council area and road segment. Centrals take in areas north of Grand Junction Rd, Southern take areas south of Mitsubishi. Woodville take from Henley Beach Rd north to Port Rd. West take Port Rd to Main North Rd. North's area is the eighth from Main North rd to North East Rd. Norwood take in from North East Rd to The Parade, Eastern take a metro area presence with the area from the Parade to Glen Osmond Rd, Sturt get from Glen Osmond Rd to Goodwood Rd and South from Goodwood Rd to ANZAC Hwy. Forestville have been allocated their traditional area of Henley Beach Rd south to ANZAC Hwy.

Paul Wingfield, official spokesman from one club said "We welcome the return to our traditional area as we have gone from a working class club in the 70's to a club babysitting precocious private school princesses in the 10's" Meanwhile Toby Charlesworth-Smyth, spokesman from an unamed effluent club against the change is ropable. "My club will continue its fine tradition of poaching players from other clubs. I am putting bunks in my workman's quarters to qualify them as boarders"

New stadiums sound good, but is it right that ASADA should be dug testing 10 year old kids?