PROVEN BUSINESS CONCEPTS WITH XBODY XBody’s goal is to see you and your EMS business succeed. That is why we don’t just sell equipment, we provide know-how, expert knowledge,…read more
Creditors vote for liquidation of NBL’s Illawarra Hawks
Creditors have voted to liquidate the remaining assets of NBL franchise the Illawarra Hawks after the team was put into administration for the second time in five years.
A report from administrator Michael Jones revealed the Hawks were unable to meet outstanding debts of more than $2 million and recommended the company be wound up.
It also revealed staff and players who had been stood down since April were owed about $750,000.
The NBL currently owns the franchise licence after taking it back from former owner Simon Stratford, and it has committed to paying outstanding player salaries.
However, there has been no word on whether the league will honour the contracts of other Hawks staff, including coach Matt Flinn, who was one year into a three-year deal.
The Hawks made history last season when their game against the Sydney Kings attracted the biggest ever NBL crowd of 17,514 fans to Wollongong’s WIN Entertainment Centre.
Despite increasing income by almost half a million dollars from the previous year, the franchise still recorded a net loss of almost $100,000 due to an increase in player salaries and operating costs.
The administrator's report noted that the club failed to turn a profit in the past four years, and suffered a $1.7 million loss over the previous two financial years.
The Hawks also struggled on the court, ending the 2019/20 season with 23 losses and just five wins - the worst season in the franchise's history.
As reported by the ABC, the Hawks are no strangers to financial turmoil yet remain the only team to have competed in every season of the NBL since its inception in 1979.
As recently as 2015, the then Wollongong Hawks entered voluntary administration before re-emerging with a new owner and a new name.
20th April 2020 - NBL cuts pay and makes roster changes for 2020/21 season
28th February 2020 - Agreement announced for Tasmania to host 10th NBL franchise
19th February 2020 - NBL welcomes regular season attendance rise through 2019/20
4th February 2020 - Call to upgrade WIN Entertainment Centre after leaking roof halts NBL clash
18th November 2019 - Sydney Kings attain new NBL attendance record
9th October 2019 - NBL generates record viewing figures during first round of the season
27th August 2019 - NBL’s Jeremy Loeliger moves from Chief Executive to Commissioner’s role
16th August 2019 - Larry Kestelman to head new NBL Tasmania Advisory Board
3rd September 2018 - WIN Entertainment Centre marks 20 years of events in the Illawarra
25th September 2009 - Hawks Coach Backs NBL Return
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Polin was founded in Istanbul in 1976, and has since grown into a leading company in the waterparks industry. Today Polin is one of the world leaders in the design, production, and installation of…read more
Felton Industries is Australia’s leading designer, manufacturer and supplier of quality outdoor furniture and has been supplying premium seating solutions for all sporting, commercial, community…read more
We are the leading providers of kids fun multi-sports programs for Sport and Recreation Centres. Programs cover twelve common sports as well as Gross Motor Skill Development and suit children from as…read more
As of 2018, TicketServ operates as SeatGeek Asia Pacific Pty Limited, part of international ticketing platform SeatGeek. Click here to contact SeatGeek Asia Pacific via their entry in…read more
Swimplex Aquatics are a world-class company dedicated to the commercial pool, waterslide industry. We are Australian market leaders servicing all states Australia wide. Swimplex provide a full…read more
Playrope Aqua-Fun, are the Australian & New Zealand exclusive distributors for Vortex Aquatic Structures International, the world leader in aquatic playgrounds and urban water landscapes.…read more
With industry leading solutions in design and durability you can improve your facilities with our access control operations, payment systems and flexible personal locker storage solutions. Your…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!