ya-ta-hey
Mayor
Ozzie and Danial Silna. Seems these two guys bought an ABA francise, moved it to St. Louis, with the intention of merging their team into the newly forming NBA. The NBA only accepted 4 of the 7 ABA teams. To make the Silna brothers go way, in 1976, the NBA granted the Silna's 1/7th of the 4 ex-ABA teams tv revenues, virtually nothing for the San Antonio Spurs, Brooklyn Nets, Denver Nuggets, and Indiana Pacers, $17M for the 2010/2011 season.
Looks like the NBA is finally going to buy them out for $500M.
http://finance.yahoo.com/news/nba-pay-two-brothers-500-165704100.html
Who says capitalism ain't a grand thing?
Looks like the NBA is finally going to buy them out for $500M.
http://finance.yahoo.com/news/nba-pay-two-brothers-500-165704100.html
Who says capitalism ain't a grand thing?