|
|
Post by whatsbevisdead on Jun 14, 2024 15:08:18 GMT
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
|
|
|
|
Post by dexter on Jun 14, 2024 15:10:26 GMT
This is predictable and tragic but it's not funny.
|
|
|
|
Post by whatsbevisdead on Jun 14, 2024 15:21:58 GMT
This is predictable and tragic but it's not funny. Tragic? People are getting blown to smithereens in their own homes. That's tragic. Have some perspective |
|
|
|
Post by irf on Jun 14, 2024 15:25:11 GMT
So here we are, the end of the BBL and 777. What have we left? 7 clubs. This effectively ended 3 clubs today, Lions, Patriots and Giants in their current form. No doubt there will be interest but if the 7 others were smart, they'd look to bring together the top D1 clubs and use this as a once in a lifetime opportunity to make the it a promotion/relegation set up. Isn't this crying out for Vince Mc comeback to get a London side together if he hand't taken the german gig. Sad times, but it could be a great reset as long as they - whoever they are, don't sh*t the bed. Just getting a league to play on will be first challenge Stuff like relegation and promotion could come another time Plus the top D1 clubs might not want to get involved in this mess whilst the dust settles at least |
|
|
|
Post by dexter on Jun 14, 2024 15:32:30 GMT
This is predictable and tragic but it's not funny. Tragic? People are getting blown to smithereens in their own homes. That's tragic. Have some perspective Sorry I meant it's a tragedy. It's not tragic. No one died. |
|
|
|
Post by irf on Jun 14, 2024 15:33:22 GMT
Don't forget there was a statement last week that people had been instructed by 777 investment company (acap) to start the process of selling the BBL
This stops that in its tracks. And stops that delaying a new league getting formed
Hopefully the good clubs within the old BBL aren't liable for any of the debts 777 have created
People within 777 need to go to jail for all the shite they have created across various sports in recent years
|
|
|
|
Post by irf on Jun 14, 2024 15:34:07 GMT
Tragic? People are getting blown to smithereens in their own homes. That's tragic. Have some perspective Sorry I meant it's a tragedy. It's not tragic. No one died. It's definitely not funny though As you said No need to apologise |
|
|
|
Post by irf on Jun 14, 2024 15:38:25 GMT
|
|
|
|
Post by irf on Jun 14, 2024 15:42:23 GMT
|
|
|
|
Post by donthatetheplayer on Jun 14, 2024 16:57:55 GMT
Creditors and players - how much will Sam Dekker be owed for 2 years of unpaid future salary? All will be circling to grab hold of any assets, whatever they are - if there any, maybe a tonne of media equipment, event/match day equipment, flooring/hoops or will that be leased? - and asset seizing will involve any of the 3 clubs they had a financial link or interest in. There will be a trail of unpaid debts, from London via Manchester to Plymouth. That could prevent an orderly sale of intellectual property including names etc until the liquidation process kicks in, it surely will, but this is a several weeks and months procedure. Certainly not enough time to clear this up for Sept. If I were a betting person, I think we've seen the end of London Lions as a brand and potentially the others. One big ugly mess.
|
|
|
|
Post by irf on Jun 14, 2024 19:33:01 GMT
|
|
|
|
Post by D44 on Jun 15, 2024 0:12:53 GMT
I mean of course that was the aim (to buy Lions cheap are sell on once their an established Euroleague team or at least competing for one of the wildcards) who ever thought it wasn't? |
|
|
|
Post by almachizzit on Jun 15, 2024 13:51:40 GMT
John Amechi and the BBA to the rescue
|
|
|
|
Post by mac on Jun 15, 2024 14:03:42 GMT
Don't forget there was a statement last week that people had been instructed by 777 investment company (acap) to start the process of selling the BBL This stops that in its tracks. And stops that delaying a new league getting formed Hopefully the good clubs within the old BBL aren't liable for any of the debts 777 have created People within 777 need to go to jail for all the shite they have created across various sports in recent years I think creditors can only go after the assets of the BBL not individual clubs. Lions are toast due to their debts but I'm not sure what debt levels Manchester and Plymouth carry or whether they can service them. |
|
|
|
Post by mac on Jun 15, 2024 14:11:15 GMT
Forgot to add, if Lions are wound up then Sam Dekker's contract is nullified. The receivers would seek to pay outstanding wages first then creditors. He would be way down the list. Happy to be corrected if that's not right 👍.
|
|
|
|
Post by johnjack on Jun 15, 2024 14:18:16 GMT
Lions have made a statement, same as rest as league roughly. Does that mean they are still alive. Comments from their “fans” seem completely oblivious to what has happened
|
|
|
|
Post by foxtrot27 on Jun 15, 2024 17:03:55 GMT
What a good time for Amaechi, Deng, Pops, Freeland, Nurse and Finch to all come forward to save the pro game. That would be a major step forward and vote of confidence.
|
|
|
|
Post by irf on Jun 16, 2024 14:21:45 GMT
Don't forget there was a statement last week that people had been instructed by 777 investment company (acap) to start the process of selling the BBL This stops that in its tracks. And stops that delaying a new league getting formed Hopefully the good clubs within the old BBL aren't liable for any of the debts 777 have created People within 777 need to go to jail for all the shite they have created across various sports in recent years I think creditors can only go after the assets of the BBL not individual clubs. Lions are toast due to their debts but I'm not sure what debt levels Manchester and Plymouth carry or whether they can service them. The thing is 777 only own 45% of BBL The rest must have stayed with previous owners? Which I believe includes the clubs or some of them at least? Just because 777 created debts doesn't mean others aren't equally liable for those debts Unless I'm missing something? |
|
|
|
Post by irf on Jun 16, 2024 15:42:59 GMT
I think creditors can only go after the assets of the BBL not individual clubs. Lions are toast due to their debts but I'm not sure what debt levels Manchester and Plymouth carry or whether they can service them. The thing is 777 only own 45% of BBL The rest must have stayed with previous owners? Which I believe includes the clubs or some of them at least? Just because 777 created debts doesn't mean others aren't equally liable for those debts Unless I'm missing something? Here we go All the clubs own BBL alongside 777? I assume FROM WIKI "The 10 member franchises of the BBL jointly own the league[2] and a chairman is elected by the teams to oversee league operations. The head offices are located in Leicester[3] where the country's oldest team the Leicester Riders are also based." Sir Rodney Walker is still chairman isn't he? Elected by the clubs? And 777 only bought a percentage of BBL Not the entire business I think all the clubs and 777 will be liable for any unpaid debts that have been created since 777 got involved And now there's no income can come in to pay those debts? |
|
|
|
Post by johnjack on Jun 16, 2024 15:50:52 GMT
Are we thinking the clubs may be liable for the debts?
|
|
