Hoops

NBL support

ITT nobody knows what "not for profit" means.

The afl prop up at least 6/8 clubs so money does come in, not certain how that is not for profit. The MCG would go broke without the afl so run them a good deal on rental, where as nbl clubs get screw re rental. The afl did have foresight to buy docklands which again the must have made money so I’m not certain how they are not for profit. Certainly not an equal playing field.

Its clear that NBL is private and if they make a profit it goes to an owner rather than being reinvested into the club like AFL clubs do.

I remember reading an article where the Perth CEO said they turn a profit if they make the Grand final otherwise they are roughly break even.

I've got a couple of points:

- whether it's profit or non profit, I really get a lot of enjoyment from following basketball. So yes I'm happy to continue to support it with the money I spend on my entertainment, assuming we still get something of value for that money.

- can someone explain the AFL ownership structure a little better? So if I buy a membership, I'm a part owner of a club? and a few AFL clubs do make big profits, so where does that go to if they're not for profit?

He sold a sports business in 2016 for $195 million, I’d say that is a very good businessman. That’s US dollars to, about 300 million Australian.

Without genuine evidence (club saying "we made a profit"), we shouldn't assume any NBL club makes a profit.

"Feels like we had good sponsorship and crowds this year" just means people don't understand how hard it is to make a profit.

It would be interesting to find out how many times an NBL club has posted a semblance of a profit in the last 30 years.

Suspect it's pretty much Perth!

They averaged just under 11000 per game, never before even in the boom times have kings got near that. There list wasn’t as expensive as most think. Ware and Bogut on big coin, Cooks probably next but Tate was budget import, Newley and Lisch took substantial pay cuts and the rest probably not that great.

Support your club. The AFL are also in it to make money, and they do, bucketloads of it despite the current doom and gloom that they tell us. And they will be fine after all this is done. So, support your NBL club also, regardless of it being a private enterprise. Every business needs help to keep going. If you have the means to do so, then do it.

Kings would’ve made money this year, like Smith or not he’s a smart businessman. They good crowds and good sponsorships. Merchandise was selling well as well.

I've been surfing the last few days and asking around to see if friends want anything so we can save on postage.

because they aren't making money doesn't mean they are looked at differently.

so if they did turn a profit it goes to the owners pockets

Via membership I think?

these clubs are privately owned unlike AFL clubs so its on the owners to tip in as they are "for -profit" ventures.

ANDREW Gaze believes the NBL would be better off adopting an expanded, promotion-relegation competition which could prevent a club like the embattled Townsville Crocodiles disappearing into oblivion.

Gaze believes players throughout the competition will be worried for their futures after Townsville's owners sought to hand back their NBL licence following crippling losses of nearly $3 million over the past six years.

Basketball Australia rejected the Townsville move, saying the club's owners needed to first prove they were insolvent.