Sunday, July 30, 2006

Choosing a market



The first thing to think about in this venture of owning an ABA franchise is to decide on a market to play in. When you apply for an ABA franchise (what they call reserving a market) you must have a city and venue in mind. If you look at the franchises in the ABA a great many of them play in college gyms so this is something to look for in a market. Does it have a college basketball facility that can hold 5000 spectators or more. Another consideration is how many basketball players come from the area? As most ABA players play near their hometown or where they played college ball this is a must.

I will continue to do my research as far as markets go but I would be interested in hearing from you readers. Where do you think a good market might be for this possible new franchise? Visit the ABA website and check out their current franchises and see where the next great franchise might be placed.

Friday, July 28, 2006

The Dream


Since I was a boy I wanted to be, not a professional athlete but the owner or GM of a pro sports franchise. Now I have decided to take the plunge. I am planning on purchasing an expansion club in the ABA. This league is a booming league that aims to maximize fun and minimize expenses with a salary cap of $150,000.

Today I contacted the commissioner of the league with an initial statement of interest in a franchise. I have yet to hear back but expect to shortly. This blog will me my diary of sorts detailing the process of acquiring and sports franchise. The highs and the lows, the wins and the losses. Everything from finding a location for the team, to naming it, hiring staff and players it will all appear here.

The other purpose of this blog is to invite my readers to be involved in this venture. I will be outlining a plan in the coming days to allow any of you to invest in the franchise. We're talking about no minimum investment. If you want to invest $20 fine, $100 even better. Any investment of $500 or more earns you a spot on the board of directors of the club. You will not get rich from this investment, nor will I but the thrill of owning a piece of a pro franchise is what this is all about.

Stay tuned to this space and enjoy the ride. If you wish to inquire about investing please e-mail me at owningtheteam@sympatico.ca and I welcome any comments you might have regarding this blog and this venture.

Scott Gardiner