‘Day One’ Heo Jae is out of basketball…banned from KBL activities
“Basketball President” Heo Jae has been banned from professional basketball for his role in the Goyang Day One team’s expulsion from the league. The mace fell on Heo Jae, the team’s owner and general manager of sports, as the organization was expelled just one year after its founding due to financial difficulties triggered by the collapse of its parent company, Daewoo Shipbuilding & Marine Engineering.
The KBL held an extraordinary general meeting and board of directors on Nov. 16 to deliberate on DaeWon’s membership and made the final decision to expel the organization. This is the first time in history that a professional basketball team has been stripped of its membership since the league’s inception in 1997.
The board also decided that Heo Jae would not be allowed to register 메이저놀이터 as a member in the future.
The KBL stated that it would “hold Mr. Heo administratively and legally responsible for the situation,” and there was a discussion within the board about how to hold him administratively responsible.
The KBL and the 10 clubs agreed to ban Heo from all activities as a representative, manager, or leader of a KBL club in the future. Although it did not go through the financial committee, it was a de facto exit card.
According to the basketball world, the KBL board of directors unanimously decided to ban Heo. With this move, Heo will no longer be able to play professional basketball.
Day One, which acquired the Goyang Orion last year, entered the professional basketball world with Heo as its “face” but struggled with financial difficulties. 메이저도메인
Even before the start of the season, the team failed to pay the first payment of 500 million won ($1.5 million) of the special membership fee (totaling 1.5 billion won) on time, leading to an operational crisis. The team finally paid 500 million won to participate in the league, but was eventually expelled from the league due to the parent company’s business difficulties, including the inability to pay wages to the players since February.
Meanwhile, the KBL is planning to hold Heo Jae legally responsible apart from the administrative penalty of not being allowed to register as a member. “We are currently coordinating with legal experts on this,” the KBL said, adding that it will make a decision in the future.
Earlier, in an interview with News1, Heo Jae said, “I think KBL has done its own thing, but I don’t think it’s meaningful to refute or respond to it now.” “We will help them in every way so that the situation can be concluded well,” he said.