Brisbane Lions Left Without Naming Sponsor After Collapse Of Camperdown Dairy Int'l
Australian Football League side Brisbane Lions is "looking at another massive annual loss after being struck by the collapse of a major commercial partner for the second year in a row," according to Andrew Hamilton of the Brisbane COURIER-MAIL. Camperdown Dairy Int'l was placed into administration in July after an A$83M ($65M) collapse. Camperdown Dairy Int'l "paid the first year of a three-year deal last year" but has not made a payment this year. The team is understood to be trying to recover a debt of A$1M ($780,000) in unpaid sponsorship fees from the company and if it is unsuccessful, its annual end-of-year financial report "is set to detail a loss of around" A$2M ($1.6M). It is understood the Lions are "close to announcing a replacement sponsor in the coming weeks" for '18 and beyond. Last year, the team's apparel supplier, BLK, "went into receivership with a year to run" on its contract (COURIER-MAIL, 10/18).