markb
Bench Warmer
Posts: 20
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Post by markb on Dec 8, 2023 16:37:15 GMT
It has always been when not if. It has been obvious to those looking from an objective perspective. Sustainable, organic growth will always beat out deluded people who don’t understand the market and think that ‘if you build it, they will come’ works. Last time I made a few comments, there were responses from what was clearly paid PR. Wonder if they’ve been paid. And there they are. Either they’ve been paid or they’re part of the organisation itself. |
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Post by SamH on Dec 8, 2023 17:45:13 GMT
I would agree as said, the remaining teams would break off and just start a new league, but it would be a very small one! Whether it could find a way to buy the other 3 teams from 777 for a cheap price as part of it, to keep them going somehow while investors are sought?
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Post by milehigh on Dec 8, 2023 17:53:21 GMT
It would be a bad move to purchase the other teams.
League owned teams never do well, financially or on the court, and there are obvious conflicts of interest.
the way forward is for local ownership groups to rescue the failed 777 owned clubs.
Moving forwards, long term, the ideal may be a "budget capped" league, with a better geographical spread including some of the better EBL1 sides.
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Post by eillo23 on Dec 8, 2023 18:06:22 GMT
Baffles me that no one shows support towards 777 and what they have done for British basketball in the last 3 years.
This is exactly why basketball hasn’t grown in the U.K. for the last 20+ years.
Until I read anything from credible sources, I will continue to support 777, the BBL and all the current goings on in British Basketball.
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Post by notoriousbigz on Dec 8, 2023 18:14:58 GMT
Baffles me that no one shows support towards 777 and what they have done for British basketball in the last 3 years. This is exactly why basketball hasn’t grown in the U.K. for the last 20+ years. Until I read anything from credible sources, I will continue to support 777, the BBL and all the current goings on in British Basketball. Forget everything you’ve read and answer me this: How do you expect 777 will make money from the entire project? They are venture capitalists after all. |
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Post by Stephen Abootman on Dec 8, 2023 18:18:45 GMT
So by 'days away', do we mean some time next week, or just some indeterminate period of time? I strongly suspect the latter because it feels like I've been hearing about how 777 Partners are the shadiest thing since Stratton Oakmont and how the whole thing's about to collapse like a house of cards since they first bought Lions. And three years later here they still are, spending money they still don't have.
I'm afraid I'm inclined to agree that these articles have become rather boring. And I'm not sure I've learnt a huge amount from this latest instalment of 'look how dreadful 777 are'... Aside from a few bits and pieces regarding the maintenance requirements for private jets. If these guys really are such obvious crooks, it's surely high time something was actually done about it. I won't hold my breath.
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Post by notoriousbigz on Dec 8, 2023 18:20:00 GMT
It’s well known inside the league there’s 4 clubs at least that want them gone.
You can guess at which clubs they are.
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Post by mac on Dec 8, 2023 18:35:52 GMT
Apart from the loss of three clubs the other seven clubs (who are all part owners) would be liable for their portion of any outstanding debt if the BBL enters administration. I wonder if this would present an opportunity? What's to stop the clubs paying off their liabilities and then offering a token amount to buy the league back.
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Post by eillo23 on Dec 8, 2023 18:37:12 GMT
So by 'days away', do we mean some time next week, or just some indeterminate period of time? I strongly suspect the latter because it feels like I've been hearing about how 777 Partners are the shadiest thing since Stratton Oakmont and how the whole thing's about to collapse like a house of cards since they first bought Lions. And three years later here they still are, spending money they still don't have. I'm afraid I'm inclined to agree that these articles have become rather boring. And I'm not sure I've learnt a huge amount from this latest instalment of 'look how dreadful 777 are'... Aside from a few bits and pieces regarding the maintenance requirements for private jets. If these guys really are such obvious crooks, it's surely high time something was actually done about it. I won't hold my breath. Exactly. |
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jt
Sixth Man
Posts: 218
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Post by jt on Dec 8, 2023 18:45:07 GMT
Riders just announced a great signing who won't come cheap, so perhaps it wasn't 'financial prudence' from Leicester
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Post by cosbyrider on Dec 8, 2023 18:45:25 GMT
Baffles me that no one shows support towards 777 and what they have done for British basketball in the last 3 years. This is exactly why basketball hasn’t grown in the U.K. for the last 20+ years. Until I read anything from credible sources, I will continue to support 777, the BBL and all the current goings on in British Basketball. Can you explain to me what they have done please? Because it looks like completely nothing. The journalists behind Josimar are some of the best sport investigative journalists in the world. In particular Phillipe Auclair’s body of work in his career is superb |
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Post by eillo23 on Dec 8, 2023 18:56:13 GMT
Baffles me that no one shows support towards 777 and what they have done for British basketball in the last 3 years. This is exactly why basketball hasn’t grown in the U.K. for the last 20+ years. Until I read anything from credible sources, I will continue to support 777, the BBL and all the current goings on in British Basketball. Can you explain to me what they have done please? Because it looks like completely nothing. The journalists behind Josimar are some of the best sport investigative journalists in the world. In particular Phillipe Auclair’s body of work in his career is superb Completely nothing??? Seriously? Everything about the league has improved since 777 involvement. Apart from the Riders.. potentially gone backwards 🙈 From player quality, to marketing, advertising, broadcasting, a number of teams playing in European competition. A lot of teams seeing record attendance figures. All the league needs now is a great main sponsor. Which it hasn’t had for years. |
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Post by eillo23 on Dec 8, 2023 19:00:04 GMT
And with regards to Josimar.. who are “dedicated football journalism” website, I can’t comment.
However, they are obviously pulling big numbers to their website through the posting of 777 and Everton.. so I am not surprised they continue to do so.
IF any of it is correct… I would assume 777 may look to sell shares in one of their 7 football teams, rather then the BBL.
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Post by massiveridersfan on Dec 8, 2023 19:01:15 GMT
Sadly a predictable situation, from when 777 forced the removal of the salary cap rules. The top tier of UK basketball has collapsed and restructured before. Perhaps the, pre 777, policy of sustainable organic growth was the right policy. I never wanted this situation. It all feels like deja vu. Anyone remember London Royals? It looks as if the 'investment' in the BBL was all built with smoke and mirrors. |
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Post by cosbyrider on Dec 8, 2023 19:02:10 GMT
Can you explain to me what they have done please? Because it looks like completely nothing. The journalists behind Josimar are some of the best sport investigative journalists in the world. In particular Phillipe Auclair’s body of work in his career is superb Completely nothing??? Seriously? Everything about the league has improved since 777 involvement. Apart from the Riders.. potentially gone backwards 🙈 From player quality, to marketing, advertising, broadcasting, a number of teams playing in European competition. A lot of teams seeing record attendance figures. All the league needs now is a great main sponsor. Which it hasn’t had for years. Yep nothing or minimal. The broadcasting situation is the same. There is no marketing or advertising of note to truly get into the mainstream. The European competition has happened before - just we’ve got two teams happy to go in an invitation league. Record attendances? Nope, we’ve had bigger crowds than this. |
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Post by cosbyrider on Dec 8, 2023 19:04:41 GMT
If you wanna keep putting your hands in your ears and going ‘La la la’
Why is there an investigation with referral to British government? At least two media sources have confirmed that without challenge.
Why did a number of clubs have major issues paying off creditors in the summer?
Why was there an emergency meeting of the BBL last week?
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Post by eillo23 on Dec 8, 2023 19:07:13 GMT
Completely nothing??? Seriously? Everything about the league has improved since 777 involvement. Apart from the Riders.. potentially gone backwards 🙈 From player quality, to marketing, advertising, broadcasting, a number of teams playing in European competition. A lot of teams seeing record attendance figures. All the league needs now is a great main sponsor. Which it hasn’t had for years. Yep nothing or minimal. The broadcasting situation is the same. There is no marketing or advertising of note to truly get into the mainstream. The European competition has happened before - just we’ve got two teams happy to go in an invitation league. Record attendances? Nope, we’ve had bigger crowds than this. Broadcasting situation is clearly not the same. Marketing and advertising have increased 10fold from previous seasons. Counting Riders try into Europe is questionable. We have a number of teams actually competing. I’d agree with you there, Riders seem to be attracting less numbers to games. However the rest of the league are showing higher attendances than previous seasons. |
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Post by cosbyrider on Dec 8, 2023 19:13:56 GMT
Yep nothing or minimal. The broadcasting situation is the same. There is no marketing or advertising of note to truly get into the mainstream. The European competition has happened before - just we’ve got two teams happy to go in an invitation league. Record attendances? Nope, we’ve had bigger crowds than this. Broadcasting situation is clearly not the same. Marketing and advertising have increased 10fold from previous seasons. Counting Riders try into Europe is questionable. We have a number of teams actually competing. I’d agree with you there, Riders seem to be attracting less numbers to games. However the rest of the league are showing higher attendances than previous seasons. What do you consider different about the broadcasting then? We’ve had Sky and YouTube coverage before. And certainly the Sky coverage this year is notably a poorer production. Having an internet supplied stream shown in US in the middle of night is no great scalp. The fact we can’t give an example of a proper marketing / advertising strategy outside of a few gimmick lines speaks volumes. Their traffic on social media looks no better |
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Post by eillo23 on Dec 8, 2023 19:23:21 GMT
Broadcasting situation is clearly not the same. Marketing and advertising have increased 10fold from previous seasons. Counting Riders try into Europe is questionable. We have a number of teams actually competing. I’d agree with you there, Riders seem to be attracting less numbers to games. However the rest of the league are showing higher attendances than previous seasons. What do you consider different about the broadcasting then? We’ve had Sky and YouTube coverage before. And certainly the Sky coverage this year is notably a poorer production. Having an internet supplied stream shown in US in the middle of night is no great scalp. The fact we can’t give an example of a proper marketing / advertising strategy outside of a few gimmick lines speaks volumes. Their traffic on social media looks no better 🙈 I am baffled how you can say the broadcasting hasn’t changed. For years I watched teams play on a robotic camera, that half the time would be at the other end of the court missing a fast break. Now I’m watching EVERY game on a HD stream, with production, quality commentators and a true professional feel. You’re deluded if you can’t see that. In terms on sky coverage. I actually prefer it. There was no need to have that number of presenters courtside. Investment in a studio has clearly improved production. Just go back through the league socials and actually look at the numbers. It’s grown remarkably. |
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Post by dexter on Dec 8, 2023 19:31:21 GMT
Completely nothing??? Seriously? Everything about the league has improved since 777 involvement. Apart from the Riders.. potentially gone backwards 🙈 From player quality, to marketing, advertising, broadcasting, a number of teams playing in European competition. A lot of teams seeing record attendance figures. All the league needs now is a great main sponsor. Which it hasn’t had for years. Yep nothing or minimal. The broadcasting situation is the same. There is no marketing or advertising of note to truly get into the mainstream. The European competition has happened before - just we’ve got two teams happy to go in an invitation league. Record attendances? Nope, we’ve had bigger crowds than this. I think you're being a bit harsh. A lot has been achieved in the last couple of seasons. But I will agree with you there has been a failure to get any mainstream recognition. British basketball is achieving a lot but it is not getting any recognition. |
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