A bid to prevent Basketball Otago going into liquidation appears to have fallen well short of its $100,000 target.
BBO ceased trading in October having amassed a debt of just under $180,000.
The Keep Basketball in Otago group had hoped to help the association avoid liquidation, but fundraising has not gone as well as hoped.
The group met last night to discuss whether it would be in position to present the creditors with an offer.
Spokeswoman Angela Ruske did not want to comment before the meeting.
However, the group's main fundraising campaign - an online sales promotion - has not captured the public's imagination the way the group had hoped.
About a thousand $10 tickets had been sold last week and sales have remained sluggish, with a further 40 or so sales in the last seven days.
The pledge wall has been more successful, generating $30,000 in pledges, and the group hoped to raised $20,000 from a pre-season Canterbury Rams game in the city later this month.
Under the best-case scenario, the group will have $60,000 to offer the creditors - and that is if its ambitious target for the pre-season game is met.
The fixture is scheduled for February 21 - the same day as the Highlanders' opening Super rugby game against the Crusaders - but BBO members will meet on February 10 to vote on whether to proceed with liquidation.
In December, the members voted against proceeding to allow Keep Basketball in Otago time to raise funds. It is unlikely members will extend the deadline.
Regardless of whether BBO winds up or not, the sport will continue to operate in the city.
Basketball New Zealand and Sport Otago have promised to help the new entity get up and running and some initial planning is already under way.
