Transparency is needed.
Obviously, the bj-league's financial structure and security have been affected by the global credit crunch and economic downturn in recent years. And that's only one part of a bigger problem. Analyzing the league's actual operating procedures shows a system that rewards the allure of fast bucks rather than long-term stability and sound business practices.
"When you look at the whole bj-league, I don't think any team will succeed," said one insider.
"Unless the bj-league office and chairman Ikeda change their mind, nothing will change."
Why?
"When you are an investor looking for an opportunity for running a team, you really need to assess the financials of each team," the pundit pointed out. "The disclosure of the bj-league is close to none. Some teams submit a detailed financial result, but some do not.
"That makes the owner of the expansion team nuts. They rely heavily on what the people from the bj-league say. And when they actually run the team, they recognize that the financial information that they provided was not true. Look at Miyazaki. A perfect example of what I am talking about.
"Owners who can't assess business values and a league office who wants to lie for money -- who will benefit from this? None."
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