Adelaide Arena - Ownership

Ownership

The Dome was purchased by Eddy Groves (ABC Learning CEO and Brisbane Bullets team owner) and Mal Hemmerling in 2006 for A$3.95 million.

In 2012, the Commonwealth Bank took possession of the arena after Eddy Groves had defaulted on the loan. As of 20 August 2012, the bank is looking for a buyer for the venue, though it has been reported that the Adelaide 36ers have been granted use of the venue for the 2012-13 season.

Read more about this topic:  Adelaide Arena

Famous quotes containing the word ownership:

    They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)