NBL News: Goodbye Sydney Kings - MensTennisForums.com
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post #1 of 2 (permalink) Old 06-12-2008, 03:37 AM Thread Starter
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NBL News: Goodbye Sydney Kings

Sydney Kings lose NBL licence

The 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.

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post #2 of 2 (permalink) Old 06-12-2008, 12:03 PM
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Posts: 18,031
Re: NBL News: Goodbye Sydney Kings

For some reason im depressed and gutted,what a shamble!Now i know why i call the NBL = National Bullshit League!!
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