During the 2006-07 pre-season Blitz, the Bullets

Sydney Kings to make it into the final, the Bullets went on to defeat the Melbourne Tigers to win the pre-season title.
Following on from their pre-season success, the Bullets easily won the minor premiership for the 2006-07 season, claiming an end of season record of 28 wins and only 5 losses. This included an all-time NBL record-breaking 21-game winning streak, marking the Bullets' most successful season since 1979. After defeating the Sydney Kings in the semis, Brisbane made their first NBL grand final since 1990. They took out the finals series 3-1 over defending champions the Melbourne Tigers to be crowned NBL champions for the third and last time. Due to a conflict in scheduling, the grand final games in Brisbane were played at the Bullets former home, the Entertainment Centre, instead of their regular home at the Convention Centre.
In March 2008, the Bullets' childcare-centre mogul owner Eddy Groves - who had run into financial strife with his ABC Learning Centres empire - announced he would be forced to sell the club. On April 16, 2008, Logan businessman David Kemp was officially announced as the new owner. However, Kemp pulled out of the sale, and attempts to find a new ownership group were unsuccessful. On 30 June 2008, it was announced that the Bullets' license had been returned to the NBL. They have not played in the NBL since. [1].


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