BLAZE DREAMS END IN ASHES
Written on the 18 July 2012
HOPES the financially-stricken Gold Coast Blaze basketball team could be saved have been extinguished.
“The Blaze had advised they had a $500,000 capital investment from a mystery supporter – but were unable to provide any further detail on the funding source or stream.
“There were also projected revenue lines from sponsors and other sources of over $1 million that could not be verified at this time and for which we requested further evidence by 31 July.
“Ultimately, a mystery funding source won’t cut it. Given the club’s recent financial uncertainty, it is not unreasonable to expect solid and detailed financial modelling.”
The Tomlinsons could not be reached for comment. Aggs Robson didn’t respond to a request for comment.