BASKETBALL REFORM: Interim Board Appointed

BASKETBALL REFORM: Interim Board Appointed

The boards of Basketball Australia (BA) and the National Basketball League (NBL) today announced they have unanimously supported a series of key resolutions to accelerate the reform of the sport. This included the formation of an Interim Board that has

The boards of Basketball Australia (BA) and the National Basketball League (NBL) today announced they have unanimously supported a series of key resolutions to accelerate the reform of the sport. This included the formation of an Interim Board that has been given the relevant power and decision-making authorities of both BA and the NBL, as well as the removal of a series of legal impediments to the reform process.

The Interim Board is John Maddock (Chairman of BA), Seamus McPeake (Owner of Melbourne Tigers), Mark Peters (the Chief Executive of the Australian Sports Commission), Diane Sias (Group Executive, Business & Technology Solutions & Services at Westpac) and David Thodey (Group Managing Director of Telstra Enterprise and Government).

Two additional independent directors will be added to the Interim Board prior to the formation of a new unified entity which is expected to be constituted with a permanent board by August 2008. This permanent board will consist mainly of independent directors. Mark Peters will step down at this time and be replaced by an alternative independent director on the permanent board.

The Interim Board will meet in the next 14 days where it will appoint one of the independent directors as its Chairman and receive an interim update from DSEG on the reform direction.

The key resolutions followed a group of initial recommendations, notably the establishment of the Interim Board, made by Dynamic Sports and Entertainment Group (DSEG) which is well advanced with the Commercial Reform Strategy for Australian basketball. DSEG was engaged in February to deliver a sustainable long-term business plan for basketball. It is also leading the current NBL media negotiations with Fox Sports. It is being supported by MI Associates, one of the world’s leading professional services groups to the sports industry.

“The recent decisions clearly show the commitment of our sport to reform,” said the Chairman of Basketball Australia and member of the new Board, John Maddock.

“There is still a lot of work to be done but with the Interim Board in place and the calibre of our newly appointed independent directors, I am sure we are going to get the required outcome.”

Maddock’s sentiments were supported by Seamus McPeake, the NBL appointee to the new Board.

“The NBL Owners are ready for change and the decisions that we have recently made give us the best possible chance to achieve immediate success from our reform,” McPeake said.

The DSEG report will be finalised by the end of June and will be form part of a significant six month window for Australian basketball. The Boomers and Opals are advanced in their preparations for the Olympic Games with both teams set to play a number of lead up games prior to August climax in Beijing.