Menu
Leagues and Governing Bodies

National Basketball League's A$1M Fee Likely To End Canberra's Bid For New Franchise

A bid to revive a Canberra team in the National Basketball League "appears doomed to fail, with the NBL cutting financial support for its expansion program" and imposing a A$1M ($930,000) license fee on new clubs wanting to enter the competition, according to Chris Wilson of the CANBERRA TIMES. A Canberra group of basketball and business identities "had banded together over the past few months to work towards a potential bid" to enter the '15-16 NBL season. Several of the key players in the Canberra proposal "are ready to pull back from the project after the NBL made significant changes to its expansion plans in the past fortnight" -- notably introducing a A$1M participation fee for expansion clubs. While NBL CEO Fraser Neill has publicly assured there will be an expansion team in Brisbane, it is understood that "the NBL board has given him a directive to focus resources on stabilising existing clubs in the eight-team competition rather than directing any more financial support towards expansion" (CANBERRA TIMES, 7/31).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2014/08/01/Leagues-and-Governing-Bodies/NBL.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2014/08/01/Leagues-and-Governing-Bodies/NBL.aspx

CLOSE