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Kings in danger of losing NBL licence

28/02/2008 05:41:42 AM Comments (0)

The Sydney Kings are reportedly in danger of having their NBL licence revoked by the close of business on Friday if they haven't resolved their financial problems.

NewsLtd papers reported the club was in default of its licence for the third time this season and that most of the NBL board had lost patience with Kings majority owner Tim Johnston.

"The licence will be withdrawn at the close of business Friday if the Kings don't get themselves out of default," the report quoted an NBL board member as saying.

"There are two default notices on the Kings right now and they have to fulfil both of them by Friday.

"One is that they have to furnish the league with a full set of financials under the league rules and we are entitled to ask for that.

"The Kings also have to pay whatever monies are owed to the league they are behind in."

NBL boss Chuck Harmison refused to confirm or deny the Kings were in default of their licence for the third time this season.

"It's not league policy to comment on the financial dealings of our clubs," he said.

The report said Sydney's players and staff weren't getting paid and many wanted out of the club.

The Kings are locked at 1-1 all in their NBL semi-final series against Perth, after losing the second game 94-85 on Thursday night.

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