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AWA and Basketball Geelong Make A Formidable Team

AWA Alliance Bank (AWA) has entered into an exciting new partnership with Basketball Geelong (BG) to deliver six new basketball courts for the Geelong region. In an unprecedented agreement, AWA is delivering on its newly adopted Social Enterprise business strategy by supporting community initiatives that deliver a strong sustainable future for these community groups.

bb geelong1Due to the popularity and growth of domestic basketball in the Geelong region, BG has been in desperate need of additional basketball courts and has been looking at ways of delivering these additional facilities for a very long time. Last year heading into the 2016 federal election BG made a bid with the support of AWA for a new stadium in Waurn Ponds. Unfortunately the bid was unsuccessful and the dream of a new stadium had to be reviewed. Late last year BG began exploring the option of a retro-fit of an existing building in Crows Road, Belmont into a 6 court stadium, once again with the support of AWA.

After a lot of hard work and persistence on the part of BG’s CEO, Dean Anglin and the BG Commission, the project has been given the green light by the BG Commission, AWA Board and the landlord. The club will now work towards the construction of the internal requirements of the stadium, with completion due late 2017.

Mr Anglin said, “Without the support of AWA, this dream could not have become a reality. In recognition of that, we are proud to announce that the name of the new complex will be the AWA Alliance Bank Stadium. This is a very exciting project for

both partners, as it offers BG a unique opportunity to secure both its basketball and financial future. Meanwhile AWA receives the opportunity to provide their financial services to the members of the BG community.”

BG is made up of a diverse group of basketball enthusiasts with over 3500 members and their families spread across the Geelong region. AWA is providing BG with $1.65 million of funding for the project. These funds are to be repaid via a partnership arrangement whereby BG share in the financial return their members generate when they take up any of AWA’s competitive financial services products.

A launch of the partnership was announced to those BG supporters in attendance at the Geelong Arena last Friday, 31 March 2017, to see the Supercats take on the Ballarat Miners with AWA present as the game night sponsor. It was a very successful night for both the men’s and women’s Supercat teams with strong wins recorded by both teams.

bb geelong stadium

Bendigo and Adelaide Bank

AWA Mutual Limited ACN 087 651 652 (AWA) is an agent of Bendigo and Adelaide Bank Limited (Bendigo Bank) ACN 068 049 178 AFSL/Australian Credit Licence 237879 in the distribution of AWA Alliance Bank branded products and services. AWA also has arrangements with other third parties as detailed in the Financial Services Guide.

AWA Alliance Bank branded deposits and loans are deposits and loans of Bendigo Bank. This website provides general advice only and information has been prepared without taking into account your objectives, financial situation or needs. We recommend that you seek independent advice before making any decisions based on this information. Consider the relevant disclosure documents, which includes terms and conditions for the various AWA Alliance Bank products and services as this information is relevant when deciding whether to acquire or hold an AWA Alliance Bank product. AWA Alliance Bank is a trade mark of Bendigo Bank.