Newspaper article Tweed Daily News (Tweed Heads, Australia)

Clubs Invited to Take Part

Newspaper article Tweed Daily News (Tweed Heads, Australia)

Clubs Invited to Take Part

Article excerpt

AUSTRALIA'S basketball clubs have been given the go-ahead to put forward their cases to be part of the country's revamped national competition.

Basketball Australia (BA) on Friday called for expressions of interest from prospective clubs keen to be part of the new-look competition, which will replace the existing National Basketball League (NBL).

BA is keen for the 2009-10 season, scheduled to start in October, to comprise at least eight clubs. But in a bid to avoid the financial troubles which have blighted the NBL the past two seasons, BA has set out guidelines for clubs to meet to guard against financial trouble.

"The new criteria sets out specific minimum compliance in terms of working capital and financial guarantees which have been set to a commercially viable level to ensure a stable and sustainable league, now and into the future," BA chief executive Scott Derwin said.

"The ultimate inclusion of each club must be in the commercial interests and long-term financial viability of the sport. …

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