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36ers Board Outcomes
Tuesday, January 15, 2013, 05:12:56 PM

The Adelaide 36ers board met last Friday night to discuss a range of issues currently facing the basketball club and below are the outcomes of the meeting.

There has been ongoing communication with Ken Cole in relation to the interest he has expressed in taking a majority interest in the Club.

Adelaide 36ers Chairman Daryl Simmons said that due diligence is underway by the Club, Basketball Australia and Ken Cole, with ongoing discussions to occur.

“Our priority is to see the Club with strong financial support, which will provide sustainability long into the future, Cole’s proposal certainly indicates that, once our due diligence is completed we will hopefully have a positive outcome.”

The board also continues to investigate alternative ownership models which include; the preferred “Member” model. This model has been very successful with other NBL Clubs and has many long term benefits.

Team performance has been in the spotlight, the Board realise that the results have been less than satisfactory.

Simmons says that it was agreed by the Board to throw their support behind Coach Marty Clarke for the remainder of the season.

“Given the ownership discussions, the Coaches ongoing involvement with the Club will be determined at a later time.”

“The Board has met with Clarke and made it clear that the Club, its Members and Partners expect a strong performance by everyone for the remainder of the season.”

Simmons says that the Chief Executive Officer’s role will not be advertised until such time as a decision on the ownership has been worked out.

“Leeanne Grantham has agreed to take leave from February 13 and to be available to support the Club, should it be required, during the Club ownership discussions.”

The Club also confirms that it has been involved in extensive discussions regarding the Adelaide Arena. The Adelaide 36ers have no doubt that the Club will continue to use the venue as its home for many years to come.

Information on ownership and future venue management will be kept confidential until such time as the parties involved, which does not include the Adelaide 36ers Club or its current owners, are prepared to provide public information.