The local National Basketball League has terminated the licence of the Supercity Rangers.
Following a review into the team and its operations, the Auckland franchise were found to have breached a number of rules under the participation agreement.
The biggest breach was the outstanding debts owed to the league, including the full annual fees for the just-completed 2019 season.
"The review into the Supercity Rangers has been thorough. The review uncovered a number of breaches that has led to this termination, not least of which is a large debt owed to the league," said NBL GM, Justin Nelson.
"Unfortunately the Rangers have missed every deadline issued for payments owed to the league and have made no proactive moves to settle this debt.