Commonwealth Bank takes Adelaide Arena

Published on July 24, 2012 by Nat Where You At · No Comments

Earlier this year the Supreme Court ordered Eddy Groves to pay the Commonwealth bank over $8 million dollars owed to them when Groves bought the Adelaide Arena. And it appears the bank have now repossessed the stadium.

The Adelaide 36ers have released a statement about their Arena Situation:

Today we were advised by Ferrier Hodgson that they have taken possession of the Adelaide Arena on behalf of the Commonwealth Bank, from former owner Eddy Groves. This has surprised all of us at the Adelaide 36ers and Basketball SA.

Over the next week we will be working closely with Ferrier Hodgson to determine what this means for the future of basketball in South Australia, including the Adelaide 36ers, the Adelaide Lightning, Basketball SA and SA Country Basketball.

We will keep our members, the public and other key groups informed as soon as we have further information and better understand what the repercussions are for our sport.

We posted a story 2 weeks ago where the 36ers chief executive officer Leeanne Grantham had said they were looking into other alternatives should the Adelaide Arena be taken off the team. She advised they would look at options such as ETSA Park (Netball SA Stadium) & the Adelaide Entertainment Centre.

It is understood that the Netball Stadium only holds around 3,000-3,500 people. And the Adelaide Entertainment Centre has never (despite what is said on some forums) actually hosted an NBL game.

We will post any news about the 36ers stadium situation as information arrives.

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Nat Where You At

Basketball Junkie

Basketball junkie originally from Alice Springs but currently living in Wollongong. I talk too much about basketball, eat too much bacon and reminisce about the Seattle SuperSonics almost everyday.