The Southern Huskies have pulled the plug on the New Zealand NBL, leaving the competition after just one season.
In a bombshell statement released this afternoon, the clubs says after investing $1.7 million dollars into the market, the relationship with Basketball Tasmania is now untenable - effective immediately.
The tear up of 5-year agreement will also see the end of the Hobart Huskies men's and women's teams in the NBL1 competition.
A detailed report explaining the decision to the Premier is being prepared, after the State Government gave the group a $200,000 grant.
It's unclear what the announcement means for the planned entry in the main NBL Australian competition in the coming 1-2 years under the stewardship of billionaire owner Larry Kestelman, who's currently in negotiations to purchse the Derwent Entertainment Centre.
The official pre-season tournament, the NBL Blitz, is coming to Tasmania next month.
Here's the full statement below:
"The decision has been made by Southern Huskies Basketball to withdraw from New Zealand’s Sal’s NBL effective immediately and not to renew the NBL1 licence for the Hobart Huskies Men’s and Women’s programs.
We believe our relationship with Basketball Tasmania is untenable and after investing over $1.7 million dollars in the Tasmanian Basketball market since 2017, we have made the difficult decision to remove ourselves.
We have enjoyed our time in Tasmania and believe we have had a positive impact in a short period of time. We’re proud to have provided significant investment to keep the pathway program running for NBL1 after the previous incumbent went into administration and to have completed a very difficult first season across all three of our teams.
We believe there’s a lot to be proud of in what we have achieved since the start of this journey but circumstances over the past month have made it impossible to remain a part of the Basketball program in Tasmania.
We’d like to thank our supporters, volunteers, sponsors and partners for their support.
A detailed exit report explaining these circumstances in full will be presented to the Premier in due course and we hope the inclusions in the report will have a positive impact on change for the betterment of Basketball in Tasmania.
Arrangements will be made with all remaining creditors to be paid.
No further comment will be provided."