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Post by silverbirch on Oct 16, 2024 10:57:15 GMT
This is an interesting move, announcing an open tender process for the long term future, just a couple of months after awarding a 3 year license to the Super League Basketball / Premier Basketball group of teams. www.hoopsfix.com/2024/10/bbf-opens-up-tender-process-for-long-term-professional-league-license/This is also an interesting quote from the BBF's official website regarding the tender process "The League shall be operated under the current interim license for at least the 2024/25 season."This definitely suggests hey either are so happy with the current arrangement that they want to just provide the SLB with a longer term arrangement in which to help stabilise any issues they may have around getting sponsors or investors...or it means they aren't sure and feel they have a better offer waiting in the wings which maybe timebound. It also states "BBF aims to conclude an efficient process and announce a decision as soon as possible, which we expect to be in early 2025."Which if it is a brand new organisation feels like a quick turnaround to set up something new and to convince the existing clubs that they should be part of it...bearing in mind they have all gone through the shit show that was 777 and therefore may well be pretty nervous of getting into bed with new people. Whatever happens i feel this could be another interesting chapter in the history of British basketball! |
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Post by LTfan on Oct 16, 2024 11:47:37 GMT
It's maybe a little earlier than I expected, but I don't think there's anything happening here of particular note.
I'd be surprised if Super League Basketball Limited didn't get an extension beyond the current 3-year interim license, and I suspect this is being done now to provide a stable long-term future to help attract potential investors.
The only real surprise to to me in all this is that Premier Basketball Limited have officially changed their name to Super League Basketball Limited, which makes total sense, but I didn't know had happened.
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Post by foxtrot27 on Oct 16, 2024 13:15:56 GMT
It's maybe a little earlier than I expected, but I don't think there's anything happening here of particular note. I'd be surprised if Super League Basketball Limited didn't get an extension beyond the current 3-year interim license, and I suspect this is being done now to provide a stable long-term future to help attract potential investors. The only real surprise to to me in all this is that Premier Basketball Limited have officially changed their name to Super League Basketball Limited, which makes total sense, but I didn't know had happened. A long term license means nothing if you’re tied into a broken model which apparently only benefits FIBA. It doesn’t provide any protection from other new leagues or competitions and will only cost SLB money. I would ask what financial guarantees can BBF make as they will want to have some say in how the league is run. Investors won’t be attracted to a league in Europe with those kind of restrictions and already the Basketball Africa League has run out of 75m and will likely need an injection from the NBA as those investors have gone sour. And Euroleague is still struggling to sell its minority stake with both Saudis and GA dropping out. It’s extremely challenging for existing leagues right now both on the commercial and investor front. As for the name change. I’m sure they were told they’d be sued by the mysterious PLB, who are apparently not dead. Quite the contrary I hear. |
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Post by LTfan on Oct 16, 2024 14:35:19 GMT
It's maybe a little earlier than I expected, but I don't think there's anything happening here of particular note. I'd be surprised if Super League Basketball Limited didn't get an extension beyond the current 3-year interim license, and I suspect this is being done now to provide a stable long-term future to help attract potential investors. The only real surprise to to me in all this is that Premier Basketball Limited have officially changed their name to Super League Basketball Limited, which makes total sense, but I didn't know had happened. A long term license means nothing if you’re tied into a broken model which apparently only benefits FIBA. It doesn’t provide any protection from other new leagues or competitions and will only cost SLB money. I would ask what financial guarantees can BBF make as they will want to have some say in how the league is run. Investors won’t be attracted to a league in Europe with those kind of restrictions and already the Basketball Africa League has run out of 75m and will likely need an injection from the NBA as those investors have gone sour. And Euroleague is still struggling to sell its minority stake with both Saudis and GA dropping out. It’s extremely challenging for existing leagues right now both on the commercial and investor front. As for the name change. I’m sure they were told they’d be sued by the mysterious PLB, who are apparently not dead. Quite the contrary I hear. Regardless of whether the overarching model is correct, it’s much easier to attract investment for something you have a long term license for. The BBF must know that and for the sake of professional basketball in this country I suspect that’s why this is being done now. As for Premier League Basketball, you might be right. I’d describe it more as comatose than alive, but it’s not dead either. In fact it was Premier League Basketball that objected to the new league operators preferred name for the new league – British Basketball Association. Which is weird because Premier League Basketball hadn’t used that original name for years, instead opting for Premier League Basketball, but they still objected and threatened legal action. Anyway, Super League Basketball was then the chosen name, and it makes more sense for Super League Basketball to be owned by Super League Basketball Ltd, so just some tidying up of the admin really. |
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Post by foxtrot27 on Oct 16, 2024 14:47:34 GMT
A long term license means nothing if you’re tied into a broken model which apparently only benefits FIBA. It doesn’t provide any protection from other new leagues or competitions and will only cost SLB money. I would ask what financial guarantees can BBF make as they will want to have some say in how the league is run. Investors won’t be attracted to a league in Europe with those kind of restrictions and already the Basketball Africa League has run out of 75m and will likely need an injection from the NBA as those investors have gone sour. And Euroleague is still struggling to sell its minority stake with both Saudis and GA dropping out. It’s extremely challenging for existing leagues right now both on the commercial and investor front. As for the name change. I’m sure they were told they’d be sued by the mysterious PLB, who are apparently not dead. Quite the contrary I hear. Regardless of whether the overarching model is correct, it’s much easier to attract investment for something you have a long term license for. The BBF must know that and for the sake of professional basketball in this country I suspect that’s why this is being done now. As for Premier League Basketball, you might be right. I’d describe it more as comatose than alive, but it’s not dead either. In fact it was Premier League Basketball that objected to the new league operators preferred name for the new league – British Basketball Association. Which is weird because Premier League Basketball hadn’t used that original name for years, instead opting for Premier League Basketball, but they still objected and threatened legal action. Anyway, Super League Basketball was then the chosen name, and it makes more sense for Super League Basketball to be owned by Super League Basketball Ltd, so just some tidying up of the admin really. A long term license may provide some certainty and comfort for existing team owners, but for investors, being locked into a commercially broken model where you have to comply with a governing body lacking its own financial and commercial success is not an attractive investment proposition for savvy investors. The most successful new sports properties are not tied to any governing bodies or any they don’t control. |
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