A day after WNBL franchise Logan Thunder folded, Adelaide Lightning say they will overcome financial difficulties and remain in the league next season.
Adelaide Lightning say they will overcome a financial crisis and won’t follow Logan Thunder in exiting the WNBL.
The Lightning’s position in the league was in doubt as owner Vince Marino considered his support of the club, citing his losses of up to $350,000 a year.
But a day after south-east Queensland franchise Logan Thunder folded, the Lightning committed to playing in the WNBL next season after Basketball SA and the Adelaide 36ers answered Marino’s call for assistance.
The 36ers will continue to administer the Lightning and are working with Marino and Basketball SA on a framework to guarantee the women’s club’s future beyond next season.
“I am optimistic about the future of the Adelaide Lightning in the WNBL,” Basketball SA chief executive officer Mark Hubbard said in a statement on Tuesday.
“Basketball SA will be working intensively alongside the Adelaide Lightning and the Adelaide 36ers to plan a business and management model for the club that is sustainable and achievable and also supports growth for the club in the future.
“What that looks like specifically will emerge in time.”
The three organisations have sought support from Basketball Australia and the WNBL, requesting the Lightning play 10 double-headers with the 36ers next season to get some financial relief.
Basketball Australia on Monday said Logan Thunder won’t contest the WNBL next season due to financial difficulties.