2023-06-20 07:33:00
Decided not to allow member registration due to Day1 expulsion responsibility
“Basketball President” Heo Jae (58), CEO of Goyang Day One, will no longer be seen at the KBL basketball court.
According to KBL on the 20th, CEO Huh cannot be registered as a representative, executive, or coaching staff member of a club belonging to the league in the future.
KBL held an extraordinary general meeting and board of directors on the 16th, and decided to expel the Day One club because it judged that it did not have the ability to operate. During this process, it was decided to disallow future member registration requests for CEO Heo. It is to ask for responsibility as the club owner for the expulsion situation.
Day One Sports, which acquired Orion in Goyang last year, is a special purpose corporation established by Day One Asset Management, whose parent company is Daewoo Shipbuilding & Marine Engineering & Construction, to operate sports teams. It was launched as a co-representative system of Financial CEO Park No-ha and Operational CEO Heo Jae.
However, the unstable financial situation and poor foundation preparations made the basketball world tilt. Due to the lack of submitted documents, it was judged to be withheld in the first member company registration review. Afterwards, it was reported that CEO Heo tried to persuade the KBL board of directors. In the second screening, Day One additionally submitted payment guarantee documents from its parent company, Daewoo Shipbuilding & Marine Engineering, which it could not submit in the first round.
After twists and turns, approval was granted, but the eyes of the scene looking at Day One were still uneasy. Even at the founding press conference in July of last year, there was no clear answer.
When asked about whether there are any problems with the management of the club and whether the financial situation is stable, CEO Huh said, “Contrary to concerns, there is no need to worry about the financial situation. Where is the place that shows all the barn to start something? This is a place for publicity. He avoided an immediate answer, saying, “It could be the atmosphere of the hearing.” CEO Park presented a blueprint for the next four years and assured that “all plans are in place.”
Contrary to the rant, Day One put the league in crisis until just before the opening in October when it was unable to pay the first subscription fee of 500 million won, and after the opening, it was worried about qualifying for the playoffs because of the remaining 1 billion won.
Coaching staff, players, staff wages, and subcontractor payments are all behind. Carrot, who joined as a naming sponsor, unintentionally canceled his contract midway through the season when a negative image was created. After the season, he contacted Pohang City and Busan City to find a new takeover, but there was no result.
In the end, Day One was expelled because wages and payments could not be processed until the 15th, which was set by KBL. On the day the expulsion was decided, neither CEO Heo nor Park showed up. Only Director Jung Kyung-ho attended.
CEO Huh said in a phone call with Newsis after the expulsion was decided, “My heart is heavy. I feel sorry for the players by leaving the other part.” I’m sorry to the players for that part.”
As a player and as a manager, he was on the rise as an undisputed star representing Korean basketball, but this time he resigned bitterly.
Meanwhile, KBL organized a task force (TF) to maintain the 10 club system. The plan is to lead the establishment of a new team in connection with the city of Busan, which is positively viewing the attraction of a men’s professional basketball team.
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