Photo Credit: Tim Jarrold Photography of In Play! Magazine
As our mission, we’re committed to running a professional and credible basketball league in Canada, which will provide Canadians and international athletes, coaches and officials the opportunity to participate in the game they love. We’re dedicated to raising awareness of the sport throughout Canada, by providing fans with an exciting and entertaining experience.
1. Potential expansion candidate has initial discussion with League Office to express interest. Candidate signs a non-disclosure agreement prior to receiving an Expansion Package.
2. Candidate submits fully completed Expansion Application and deposit of $50,000.00 (CDN) to the League. The League will not entertain or engage in further discussions with candidate without the Application and deposit having been submitted. The ownership or ownership group must be in place prior to submitting the application, and not pending.
3. League Office does due diligence on expansion candidate within 14 days of receipt of Application and deposit. League will inform the candidate if the application meets the League’s criteria for team ownership. Both parties may cancel the agreement at this point, and the deposit will be refunded.
4. The applicant begins a 45-day period to obtain a lease at a suitable arena and to finalize the ownership structure of the entity that will operate as the expansion team. League visits City and venue to determine if City will support and NBLC club and approve venue.
5. By the end of the 45-day period the applicant shall submit a signed arena lease and Articles of Incorporation to the League. The NBL Canada Board votes to ratify the expansion club’s inclusion into the League. After this point if the club is approved the deposit is no longer refundable.
6. The remainder of the expansion fee is due upon approval.
March 31, 2016: Latest date that Expansion Applications & deposits will be accepted for the 2016-17 season.
May 31, 2016: Latest date that signed arena leases and Articles of Incorporation are due to the League.
June 15, 2016: Latest date that Board will take to ratify expansion clubs. Balance of expansion fee is due.
June 30, 2016: Arena available dates are due to the league.
What We Look For In An Expansion Owner
A documented net worth/income assessment (Min $5 Million Net Worth).
Ties to the local community preferred.
Long term view of the investment, understands, and is willing to lose money in the first 3-5 years to build the product. It’s not necessary to lose money but owner must be prepared for it.
Passion for sports and business and believes in the vision of the NBL Canada.
Fill Out Form Below to Inquire About Becoming an Expansion Owner in NBL Canada