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Post by foxprorawks on Apr 11, 2019 22:22:34 GMT
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Post by Deleted on Apr 12, 2019 7:05:19 GMT
You mean the guy who tried to move a Scottish football club to Dublin?
I'm not bitter, honest...
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Post by number23 on Apr 12, 2019 7:07:42 GMT
The external investment side sounds feasible to me, but others on here are probably better informed than I am. I did see a couple of questions about the detail though:
“The overall framework would also see the 12 existing clubs... add £60,000 of their own funds” - Would this be £60,000 collectively, or £60,000 per club? (If it’s the latter, good luck!)
“any investment would require that [BBL operating] contract to be extended to 25 years” - How likely is this? The licence (and entire BBF) is effectively conbasketball kited by the home nation governing bodies now, and weren’t BE previously happy for the professional licence to limp by on a yearly basis?
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Post by saintpat on Apr 12, 2019 8:16:57 GMT
It's absolutely pie in the sky! If I was being very sceptical, I'd say that this proposal was just a way of pulling Rocks out of the league a kind of ' the other owners don't understand, they're in a time warp. I'm not going to put any more of my money in to this' type of thing.
I think the proposal suggests that each BBL club invest £60,000 each & own a smaller percentage of the league! So that's £720,00 for a reduced ownership, then someone else comes along and gets 28% of the league for £280,000!!
For a 25 year licence you'd think that there would be a sizable bill to pay at the start, which would probably take a fair amount of this investment, if the home countries could even agree about it anyway! I'm sure their greedy hands would be fighting over any money and the split of it!!
As I suggested on Mark Woods original tweet (before my tweet mysteriously disappeared!), I think this story should have been put out on April 1st!!
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Post by LTFan on Apr 12, 2019 8:22:31 GMT
The external investment side sounds feasible to me, but others on here are probably better informed than I am. I did see a couple of questions about the detail though: “The overall framework would also see the 12 existing clubs... add £60,000 of their own funds” - Would this be £60,000 collectively, or £60,000 per club? (If it’s the latter, good luck!) That’s a very important point, which isn’t clear. £60,000 each, or £60,000 in total. It’s certainly an idea, not really sure if it’s a good idea or not… but the issue I have with it is getting it approved. Not only does it require the 12 teams to invest an additional £60,000 (jointly or each) but it also dilutes each of their individual shares from 8.33% to 6% in return. Basically – give us more money and in return your shares will be reduced. As a single statement that sound ridiculous. I know the idea requires ‘big picture’, long term, thinking, but that’s still this is quite an ask… EDIT - saintpat just beat me to it whilst I was typing, essentially saying the same thing. |
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Post by foxprorawks on Apr 12, 2019 8:30:06 GMT
You mean the guy who tried to move a Scottish football club to Dublin? I'm not bitter, honest... I don't really do football, as you know  |
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Post by Deleted on Apr 12, 2019 8:47:19 GMT
You mean the guy who tried to move a Scottish football club to Dublin? I'm not bitter, honest... I don't really do football, as you know |
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Post by youngrocks on Apr 12, 2019 9:01:53 GMT
Knowing how low works he is pretty big fish on the bbl board. This isnt small scale id say for it to be made public at this stage it is pretty far along.
I seen it as an investment company putting in 60k per club plus central investment. I see very little negative to this and if it is good enough for English rugby then im sure it is good for british basketball? Why would we not want investment in the league?
As fans if we are happy with mediocrity ans the league not going next level we may as well stay playing at gyms with horrible facilities.
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Post by saintpat on Apr 12, 2019 9:07:31 GMT
Knowing how low works he is pretty big fish on the bbl board. This isnt small scale id say for it to be made public at this stage it is pretty far along. I seen it as an investment company putting in 60k per club plus central investment. I see very little negative to this and if it is good enough for English rugby then im sure it is good for british basketball? Why would we not want investment in the league? As fans if we are happy with mediocrity ans the league not going next level we may as well stay playing at gyms with horrible facilities. It doesn't read to me that every club gets £60,000, it reads that every club has to give £60,000, that's a massive difference!! If every club had £60,000 to give, I'm not sure there would be a need for an investment company! |
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Post by spaghettihoops on Apr 12, 2019 9:21:44 GMT
Knowing how low works he is pretty big fish on the bbl board. This isnt small scale id say for it to be made public at this stage it is pretty far along. I seen it as an investment company putting in 60k per club plus central investment. I see very little negative to this and if it is good enough for English rugby then im sure it is good for british basketball? Why would we not want investment in the league? As fans if we are happy with mediocrity ans the league not going next level we may as well stay playing at gyms with horrible facilities. It doesn't read to me that every club gets £60,000, it reads that every club has to give £60,000, that's a massive difference!! If every club had £60,000 to give, I'm not sure there would be a need for an investment company! It certainly says the clubs 'add £60,000 of their own funds.' Neither figure makes sense to me. £60k from each club means the new investor only pays £280k. If it's £60k collectively from the clubs, it hardly sounds worth it if the new investor is putting in £940k! I'm sure it's the former, £280k for 28% sounds too much of a coincidence otherwise. For the reasons already stated, I can't see this getting anywhere. |
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Post by benji on Apr 12, 2019 11:20:01 GMT
Yeah I read it as 60k per club. Can't say I'd be rushing to sign up if I had a bbl team!
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Post by Deleted on Apr 12, 2019 11:35:59 GMT
I suppose there's an element of "speculate to accumulate" here. While the BBL is making small steps in the right direction, would this plan allow us to move at a faster (and more lucrative) pace? Short term pain for long term gain, if you like.
While there are the Newcastles and the Paul Blakes who have the experience, drive, and support to push their clubs forward. There are also....other owners, chairpeople etc who are somewhat lacking in the required skills to professionalise to the level needed. Perhaps that's where the league needs to drive the organisation forward rather than leaving it to the clubs.
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Post by Deleted on Apr 12, 2019 11:43:20 GMT
This sounds a lot like Ron Scott's imaginary basketball league. All we need is someone to register on here, tell us what a great idea it is and insult everyone who asks searching question, and we can all tune into Groundhog Day. It looks like each club investing £60k to own a smaller share of the BBL. I'm not sure, even if they had the money, that's very appealing. |
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Post by LTFan on Apr 12, 2019 13:08:18 GMT
I suppose there's an element of "speculate to accumulate" here. While the BBL is making small steps in the right direction, would this plan allow us to move at a faster (and more lucrative) pace? Short term pain for long term gain, if you like. Exactly. As I said above - this idea requires big picture, long term, thinking to ever possibly be beneficial. Because on face value, it ridiculous. Therefore I'm not sure they'll be able to convince all 12 board members it's a good idea. |
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Post by notoriousbigz on Apr 12, 2019 13:14:14 GMT
Heh. Ron Scott. Remember him?
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Post by LTFan on Apr 12, 2019 13:43:33 GMT
This sounds a lot like Ron Scott's imaginary basketball league. All we need is someone to register on here, tell us what a great idea it is and insult everyone who asks searching question, and we can all tune into Groundhog Day. The website is still there, including a news article from 18 months ago saying Premier League Basketball will launch in summer 2019. I’m not holding my breath. plbuk.com/home/Is it true they had ‘interest’ from Syco (Simon Cowell’s media company) at one point? |
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Post by notoriousbigz on Apr 12, 2019 13:47:35 GMT
This sounds a lot like Ron Scott's imaginary basketball league. All we need is someone to register on here, tell us what a great idea it is and insult everyone who asks searching question, and we can all tune into Groundhog Day. The website is still there, including a news article from 18 months ago saying Premier League Basketball will launch in summer 2019. I’m not holding my breath. plbuk.com/home/Is it true they had ‘interest’ from Syco (Simon Cowell’s media company) at one point? No mate, they had interest from a Psycho. Biiiiiiiiiiiig difference. |
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Post by youngrocks on Apr 12, 2019 14:24:14 GMT
Is ron scott even real? Is he just a talking head and actually conbasketball kited by robotics.
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Post by Deleted on Apr 12, 2019 17:45:35 GMT
I've met him. Or at least someone claiming to be him. I also met AC Green, and that was definitely AC Green.
But I do take your point.
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Post by interestedridersfan on Apr 13, 2019 6:54:03 GMT
It all seems pretty clear above
The external investment is only 280k
The investment from the BBL clubs would be 720k (60k each)
And yes their shareholding in BBL will go down slightly
The Scottish guy is basically saying the BBL management is unprofessional, lack expertise and marketing skills etc and the new guys coming in with the right money behind them could take BBL to a higher level
So it's upto the clubs to weigh up whether the new guys coming in will add enough value long term for them to invest 60k short term
I imagine for some clubs finding 60k they haven't budgeted for could be the hardest bit. But maybe the deal allows for that to be paid for over time or be taken from the new income that is expected to be brought in from a new management structure?
It kind of makes sense if the new guys due to come in do know what they are doing. Maybe their 280k investment is all that's needed initially to get the new income coming in. And the 60ks can be taken from that over time?
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