The KBL General Assembly, which will decide the fate of professional basketball Goyang Day One, will be held at the KBL Center in Gangnam-gu, Seoul on the morning of the 16th.
KBL decided at the end of May through the board of directors, “We will hold an extraordinary general meeting on June 16 to decide whether or not to expel Day One.”
Day One, which took over the Goyang Orion professional basketball team after the 2021-2022 season, suffered from financial difficulties from the first season, such as delayed payment of KBL subscription fees and delayed payment of wages for players and home game operators.
Accordingly, at the end of May, Day One received a final notice from the KBL board of directors to settle various debts, including unpaid wages for players, employees, and officials, by the 15th of this month.
After the end of the 2022-2023 season, Dayone started looking for companies to acquire with local governments such as Pohang and Busan in Gyeongbuk, but as of the 14th, no significant progress has been made.
It is also known that the possibility of paying off various debts by the deadline of the 15th is slim.
Article 12 of the KBL Articles of Incorporation stipulates that if a team is deemed incapable of running a club, the team in question can be expelled with a vote of 75% or more at the general meeting after deliberation by the board of directors.
Attention is also focused on KBL’s future actions if Day One loses its KBL membership through the general meeting on the 16th.
In this case, the possibility of preparing for the 2023-2024 season with a nine-team system, or a scenario in which KBL and other nine clubs will try to maintain the 10-team system is raised.
Kim Gwang, secretary general of KBL, said, “In preparation for Day1’s expulsion, we plan to discuss in depth various measures through the board of directors.”
Meanwhile, the Day One team is scheduled to hold a press conference on the afternoon of the 14th at the National Assembly press conference in Yeongdeungpo-gu, Seoul on wage arrears.
This press conference was organized by Hong Jeong-min (Democratic Party of Korea), whose constituency is Goyang-si, Gyeonggi-do.안전놀이터
Day1, which attracted Carrot Insurance as a naming sponsor and played the 2022-2023 season, finished 5th in the regular league and advanced to the semi-final playoffs, achieving better than expected despite difficult conditions.
Recently, professional basketball fans held a truck protest in front of the KBL Center, urging KBL to come up with a countermeasure against Day One, which is on the verge of disbanding.