NBL’s Townsville Crocodiles go into voluntary administration
BOTI NAGY THE ADVERTISER MARCH 11, 2015 9:11AM SHARE

THE Townsville Crocodiles have joined the Wollongong Hawks in voluntary administration, blaming NBL management for having no clear direction for its floundering league.

The Crocs released a statement claiming there still was hope for the club’s future but it could make no resolutions without knowing where the NBL was headed.

Without an active chief executive officer since last year and with chairman Graeme Wade still new in the job, the NBL is in freefall, its expansion plans in disarray and its administration lurching from one disaster to another.

“This has been a truly devastating decision for the board to make,” Crocs chairman Darren Finlay said in a statement before his board members broke the news to the playing list this evening.

“However it does not spell the end for the Crocodiles.

“This is a necessary and important step in the process of rebuilding the Crocodiles for the future and provides some breathing space while the NBL finalises its plans for the 2015-16 season.”

The Crocodiles, who last season moved from the Townsville Entertainment Centre to the Townsville RSL Stadium’s smaller 2200-capacity, have appointed Moira Carter of BRI Ferrier as administrator.

The Crocodiles planned to return to the TEC and had developed a sustainable business plan and budget.

However the NBL has been unable to provide clarity regarding the number of teams in the competition or what next season will even look like.

At one stage the league “guaranteed” a new team in Brisbane, which would have taken the NBL to nine teams.

That looks dead though with no further word on it since January and last month the Hawks went into administration leaving clubs bewildered as to whether there will be a six, seven, eight or nine-team league in 2015-16.

“As a result, the (Townsville) club has been unable to go to sale for the next season,” the Crocs’ statement said.

“Without additional funding coming in, the board has no alternative but to place the company into voluntary administration.”

Several NBL general managers only learnt of Townsville’s decision today through social media, again reflecting the parlous state of the league.

(Originally published as Crocs follow Hawks into administration)


http://www.couriermail.com.au/sport/nbls-townsville-crocodiles-go-into-voluntary-administration/story-fnii0aj0-1227258034558?nk=f4411e0c0c103e599f5e459f25a96e06

Where's biscuitman?

We have a basketball league in this country?

Another sad day for basketball in this country. :(

Basketballs dead in Australia, the NBL will always be garbage whilst players would prefer to skip it so they can have a shot at playing College.

Second time in like a year lol.

-PB

the administration in the NBL is terrible, makes soccer australia look good.

Fold the league.

This. Even if it upsets the fans. Im sure theyll both get over it eventually.

No its not, you should go to a court, all the chinese people play it

[size=1]Theyre not aware of any local league in Australia because Basketball = NBA [/size]but Basketball is the sport of choice \:d/

Teams are folding because the Kiwis keep winning..... The aussies are packing up their toys and going home :lol:

We did it first!

Game's very popular amongst people I know, can't believe that it's failed so badly domestically.

the nbl thought the game was still the golden age of the 90's when it was on a boon. Instead of consolidating they just did short term fixes

oh how I miss those days, I was a big follower of the game back in the late 80's to mid 90's. I just can't see a way back for the league, the public has completely written the league off. and as someone said earlier, a lot of our talented young players just go to U.S colleges to start there career.

I miss those days too. Our imports back then were just awesome. Grace, fisher, simmons, copeland, gorjian in the 70's'

Play style was killing the league as well. They've started adressing it, but it's still a major issue. More emphasis is needed on fast, attacking basketball. Really can't believe they're going to continue as normal next season.

Oh how I miss the days of having a team.

I live next door to Russel Hinder.

His house went up for sale today :(

-PB

Be a good mate and offer him a job.

Too tall, won't fit under the extractor fans over the deep fryer :(

-PB