Adelaide Lightning is facing extinction, with the proud WNBL club making a desperate appeal to investors to save the most important women's basketball team in South Australia.
Adelaide Basketball confirmed that it was looking for a significant investment and / or sponsorship
Foxsports.com.au understands that, significantly, Lightning players and coaches have been informed of the terrible situation of the club in the center of State basketball, a few minutes later their two heart-wrenching -allows the loss to the Melbourne Boomers on Sunday. It was the team's second game in 24 hours after losing to Dandenong Rangers by 1
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Adelaide Basketball, who bought the Lightning license from Basketball Australia in 2017 to save the club, said she remained committed to Lightning, adding that the team would not be compromised for the rest of the 2018/19 season.
However foxsports.com.au understands that the Australian Basketball Association would consider the idea of intervening and paying Lightning players if the club is not able to do so alone.
The CEO of AB Ben Kavenagh said it was "time to share responsibility" after the investment of 1 million Adelaide Basketball dollars for the last two years.
"We made this announcement to encourage another investor to come forward and work with Adelaide Basketball to give the Adelaide Lightning team the resources and attention it deserves," said Kavenagh.
"Adelaide Basketball has worked tirelessly in their support for women's basketball in South Australia, but with a lack of community support, it is economically difficult.
" We are asking the South Australian community to get behind Adelaide Lightning and going to the games and urge another investor to get on board to ensure club is viable. "
The Advertiser reported that Lightning had put together a six-week strategy – which was presented to the league and Basketball Aust ralia last week – to find a buyer. , the club faces the prospect of giving up its WNBL license.
It was also reported that the lightning had cost owner Grant Kelley a million dollars combined in the last two seasons – Kelley grew up in Adelaide, but spent nearly two decades in Asia and is now the CEO of the Vicinity Centers, which owns the Chadstone Shopping Center in Melbourne and Chatswood Chase in Sydney.
The Lightning has stretch an average crowd of only 250 supporters per home game in the last two years.
There is a sense of frustration among the WNBL community regarding the lack of promotion for Adelaide's home games, which cost nothing to bettors. But the free carrot is seen as a threat, especially because fans have to pay to see the Adelaide 36ers, who are also owned by Adelaide Basketball, play live at the Titanium Security Arena.
The news arrives a few days after Lightning has been named the best sports team in South Australia – and the 13th best in all Australasia – in the last 25 years in a huge statistical analysis conducted by Platinum Asset Management and GAIN LINE Analytics. Led by League legend Rachael Sporn, Lightning finished in the top four of the WNBL for 16 consecutive seasons during the voting period, winning five championships. However, the club lost the play-offs for the last five consecutive seasons.
Despite a series of stars on his roster this season, including star Nia Coffey and Nicole Seekamp's Opal guard, Adelaide is the second time in the standings with only three wins.
The Lightning will face Rangers at Dandenong this Friday night before returning to Adelaide to host the UC Capitals on Sunday