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Years ago

36ers and Lightning Licenses For Sale

I have just had a brainstorm. When you think about how the new owner should be passionate about Basketball to make it a success in Adelaide, you have to think about who these people are. Well I suggest that this forum is full of passionate basketball people. How about a whole lot of us form a consortium, put in our few dollars and buy the team. We have people like Isaac who has good organisational skills to run the team, we have lawyers like Stephon to make sure everything is done above board. I'm sure we must have some accountants, administration people, banking people and sales people to complete the everyday running of the team. One thing we could all be certain off, would be that all decisions made would be with the intention of preserving a great team in Adelaide for many years to come.

Reply #79082 Report this topic

Years ago

If the value of the Dome is less than the debt, why not just abandon it altogether and let the Government sell it to try and get its money back. If the Dome was separated from the sale of the 2 teams, then it would be easier to sell them. As far as the value of the 2 teams go, it would be difficult to put a figure on it. The reason being is because as far as I know, BASA has never accurately separated the finances of the the Sixers and the Lightning. We have never been told anything like the Sixers have made $.... profit this year or they lost $..... When a purchaser looks at acquiring a new business venture, they study the books for the last few years to get an idea at how profitable that business has been. That is what determines its price. I doubt such books would exist for the Sixers. There are also many factors that would determine the level of profit. Being a spectator sport, there is the uncertainty of how much can be expected from sponsorship. I agree that the license would stay here in Adelaide because the value of purchasing a business is also the acquisition of its customers. Adelaide has a great "customer" base for basketball. I doubt you would consistently get 4000-6000 spectators on the Gold Coast. What's the point in buying a business and then not taking with it its customer base. This is where your money is going to come from.

Reply #79017 Report this topic

Anonymous

Years ago

Why would anybody want to buy the Dome?
We've had the report a while again about how dirty it is, and you can't hold concerts there!
So what would somebody gain by purchasing it?

Reply #78967 Report this topic

Penelope Andersen

Years ago

Still think it would make a great indoor swimming centre- has plenty of space for cars and slides etc and would be possible to convert quite easily. Retain seating and canteens and just sink a pool! Saves carving up more of Marion.

Reply #78913 Report this topic

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36ers and Lightning Licenses For Sale

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