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Kings dunked and dethroned

griffo346

First Grade
Messages
7,932
Kings dunked and dethroned

June 12, 2008 EMBATTLED Sydney Kings have been stripped of their NBL licence for failing to meet overdue player payments.
"The termination of the team's licence is the most extreme action the league can take when a club is placed in default, but in the current circumstances it was quite simply the only course available to us," NBL chief executive Chuck Harmison said in a statement.

Harmison said club owner Tim Johnston had failed to pay outstanding money owed to players by Wednesday's 5pm deadline.

The licence will now be returned to the NBL office.

More to come

http://www.foxsports.com.au/story/0,8659,23851543-23769,00.html
 

Ridders

Coach
Messages
10,831
its kinda sad, who woulda thought during the 3-peat days that this would come not too far after.
 

Panthers_God

Juniors
Messages
1,753
It sucks, Kings made the Grand final 6 of the last 7 years?

I'm quite disapointed by this. I hope that there is still a Sydney Franchise for the 08-09 season.

It's gona be very hard to watch Worthington play for another team. Maybe I'll have to cheer on the Souths Dragon from now on....
 

McLovin

Moderator
Staff member
Messages
33,902
Sinking feeling. Been a fan of the Kings since i was a little fella...
 

Choppies

Coach
Messages
15,295
Sad day.
I really blame the NBL for alot of this though. They gave the license to Johnson when his joke of a company was being dragged through the mud by the Sydney Morning Herald.
Reports are there are a few white knights around other than Mike Wrublewski but im not holding my breath.
Im going to head out to some of the bigger Razorbacks games this season just to get a basketball fix.
Im still hoping that the Kings will return one day and hopefully in a more basketball friendly renovated Sydney Entertainment Centre.
 

byrne_rovelli_fan82

First Grade
Messages
7,477
Kings owner threatens to sue NBL

By JESSICA O'HALLORAN - SMH | Friday, 13 June 2008



http://www.stuff.co.nz/4582678a12155.html



At 20 years of age, the Sydney Kings are dead. But even before the mourning had begun in earnest, the bitterness over their demise continued as a Firepower official fired off a letter threatening legal action against the NBL.

On Wednesday - just 42 minutes after the 5pm deadline for the players to be paid had expired - Kings general manager Darren Darroch indicated in an email to NBL chief executive Chuck Harmison that Tim Johnston's shelf company Dasolina, owner of the Sydney Kings, may sue the league for terminating the club's licence.
It was another twist in the bitter saga that saw the franchise yesterday stripped of its licence and liquidators appointed.
Kings players yesterday lashed out at controversial Firepower chief Johnston for bringing the once-proud club to its knees.
The foundation club, which won three successive NBL premierships between 2003 and 2005, has debts of about $1.5 million and is extremely unlikely to take part in the 2008-09 season.
Senior Kings player Russell Hinder, who now faces being out of work, slammed Johnston for his part in the Kings' downfall.
"He's a bad man," Hinder said. "He's unethical. I hope Paul Briggs [the boxer also sponsored by Johnstone] catches up with him in a dark alley. I'm not going to let that p---k pull down what I've created. There's no way I'm going to let small men like Tim Johnston and Darren Darroch ruin my life. With any luck, he'll get emphysema."
News of the iconic NBL club's demise saddened former players and triple championship-winning coach Brian Goorjian.
Kings legend Shane Heal, who captained the club to their first championship and played for them for five years, said it was a sorry day.
"I've got such good memories of being at the Kings," Heal said. "I remember playing my last game in front of a full house to win the championship. To see it like this, just five years later, is really sad."
Steve Carfino, a foundation member of the Kings in 1988, was also in mourning.
"To see the Kings crumble little by little over the last few years is quite disappointing," Carfino said. "It's sad news."
Carfino believes the NBL needs to shut down for a number of months and formulate a new business model based on football's A-League.
Without the Kings, the NBL faces losing its $800,000 naming-rights sponsor Hummer and its $800,000 pay-TV deal with Fox Sports, putting the future of the whole competition in jeopardy.
"I believe the league needs a major overhaul," Carfino said. "There needs to be major changes. There are thousands of kids playing the game - but this is not reflected at the top level. It's sad to see that many playing the game and then at the top level a team that won three straight championships only attract 2000 to 3000 to a play-off game."
Goorjian said at least his former players could go now move forward without Johnston in charge. "Personally, today I'm kind of relieved. I hope everyone at the Kings is relieved," Goorjian said. "When I was there it was always in the back of my mind - 'Are we going to be OK? Will we exist?' Everyone at the Kings has been in limbo … now they can move forward.
"My hope is the Sydney Kings will resurface with proper ownership and structure. Today is a good day for the NBL and the Sydney Kings."
Former Kings captain Jason Smith said the players desperately hoped the club would be resurrected by a new owner before the June 30 deadline.
"We are in a really vulnerable state because of Tim Johnston," he said. "We still hope there is some minor chance that someone will come on board. Hopefully, we'll attract a good offer from someone out there."
However, Harmison was not optimistic a new owner for the Kings would be endorsed by the league by June 30.
Smith, who is likely to take up a contract with the South Dragons, said he never anticipated the Kings would dissolve into financial chaos.
"If you had asked me three months ago, [when] we were coming off a championship run and had great success on the court, I would have never in my wildest dreams thought it would come to this," Smith said.
The NBL is confident it will avoid legal repercussions from stripping Johnston of the licence.
"Whilst we can't speculate on whether they might mount a legal challenge to the termination, the league acted strictly within accordance of our rules as laid out in the Participants Agreement and were comfortable, based on the advice of our legal team, that any challenge would be futile on their part," an NBL spokesman wrote in an email to the Sydney Morning Herald.
With the Kings set to disappear from the league next season, Harmison was hopeful a new owner would be able to save the Brisbane Bullets.
 

Panthers_God

Juniors
Messages
1,753
This thread is depressing.

I don't think there is much wrong with the NBL. Just not enough publicity.

An easy way to publicise basketball in Australia is by broadcasting the NBA on free-to-air. It has really been picking up since there has been more live games broadcast on foxtel. I think NBA has to regain popularity in Australia before the NBL can thrive.

Carfino makes a good point. There are thousand of youngsters playing the game. It's a shame to see there is nowhere for them to display there skills. I have few friends who are NBL ready, playing in the Sydney competitions but the idea of the NBL is just not alluring enough to go pro.

Unfortunately I don't think the projection of basketball will turn around in Australia in this generation. The football codes are just far too dominant.
 

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