25 Jan 2009

The Taipans basketball club put into liquidation

5:36 pm on 25 January 2009

The Cairns Taipans basketball club has been placed into liquidation but will finish out the season.

The Australian NBL club, which has debts of more than $7 million, must find a buyer within the next few weeks or its assets will be sold.

Scott Derwin from Basketball Australia says there have been several expressions of interest.