Concerns were raised within state parliament over alleged conflict of interest between the NBL's newest team the Tasmania JackJumpers and a former MP.
The matter was taken to the House of Assembly four days ago, surrounding the dealings of former Sports Minister Jane Howlett and club CEO Simon Brookhouse.
JackJumpers owner Larry Kestelman and CEO Simon Brookhouse said in a joint statement that sponsor payments were dealt with and supervised by government departments.
"There has been speculation in Tasmanian parliament and various media outlets that there is a conflict of interest between the organisation and the Tasmanian Government. The Tasmania JackJumpers wish to be clear that this is not the case," the statement said.