In November 2006, the NBL announced a Gold Coast team would join the competition in the 2007–08 season after a licence was granted to a consortium headed by former Adelaide 36ers coach David Claxton.

[1] The franchise was initially owned by Claxton and local businessmen Tom Tate and Owen Tomlinson.

[2] It was announced that the team would play its home games at the Gold Coast Convention and Exhibition Centre.

Basketball Australia had ordered the Tomlinsons to post a $1 million bank guarantee before granting them a licence for the 2012–13 season.

The Tomlinsons, who had earlier declared they had secured the finances to operate in the 2012–13 season, had already reappointed staff when they were informed their submission would not be granted.