BBall Fan
05-10-2005, 04:10 PM
Founds this on another ABA site...
ABA Team Due Diligence 2005
THE FOLLOWING MUST BE IN PLACE BY JUNE 1, 2005, TO BE ELIGIBLE TO PLAY IN THE 2005-2006 ABA SEASON. THE DOCUMENTS MUST BE SUBMITTED TO THE LEAGUE OFFICE NO LATER THAT JULY 1, 2005:
1. Executed Venue Lease (at least 1 year) and minimum capacity of 3,000 seats
2. Payment in full of the Revised Reservation Fee
3. Delivery of completed ABA schedule request of at least 30 dates by JUNE 1, 2005.
4. Irrevocable Letter of Credit for operations.
5. Letter of Reference from Banking Institution.
6. Letter of Agreement with Hotel confirming visiting teams’ rooms are available and secured.
7. 2005 Operational Budget and 3 Year Pro-Forma Financials
8. Full Organizational Chart
a. General Manager
b. Head Coach / Assistant Coach
c. Sales and Marketing Executive (or firm)
d. Office Manager
e. Accountant (or firm)
f. Trainer (or firm)
g. Game-day Coordinator
9. Letter of Support from Mayor’s office and/or City Council
10. Letter of Support and enrollment in Chambers of Commerce
11. Radio broadcast and marketing agreement with local station
12. Completed Name, Logos and domain URL (website) name for team
13. Complete Marketing Plan and Execution
14. Copy of incorporation documents for team or company
15. Proof of Funds of $150,000 in Bank by SEPTEMBER 15, 2005
If any questions or further clarification, please contact:
Ricardo A. Richardson
Executive VP
American Basketball Association
rrichardson@abalive.com
Phone: 317-428-8702
ABA Team Due Diligence 2005
THE FOLLOWING MUST BE IN PLACE BY JUNE 1, 2005, TO BE ELIGIBLE TO PLAY IN THE 2005-2006 ABA SEASON. THE DOCUMENTS MUST BE SUBMITTED TO THE LEAGUE OFFICE NO LATER THAT JULY 1, 2005:
1. Executed Venue Lease (at least 1 year) and minimum capacity of 3,000 seats
2. Payment in full of the Revised Reservation Fee
3. Delivery of completed ABA schedule request of at least 30 dates by JUNE 1, 2005.
4. Irrevocable Letter of Credit for operations.
5. Letter of Reference from Banking Institution.
6. Letter of Agreement with Hotel confirming visiting teams’ rooms are available and secured.
7. 2005 Operational Budget and 3 Year Pro-Forma Financials
8. Full Organizational Chart
a. General Manager
b. Head Coach / Assistant Coach
c. Sales and Marketing Executive (or firm)
d. Office Manager
e. Accountant (or firm)
f. Trainer (or firm)
g. Game-day Coordinator
9. Letter of Support from Mayor’s office and/or City Council
10. Letter of Support and enrollment in Chambers of Commerce
11. Radio broadcast and marketing agreement with local station
12. Completed Name, Logos and domain URL (website) name for team
13. Complete Marketing Plan and Execution
14. Copy of incorporation documents for team or company
15. Proof of Funds of $150,000 in Bank by SEPTEMBER 15, 2005
If any questions or further clarification, please contact:
Ricardo A. Richardson
Executive VP
American Basketball Association
rrichardson@abalive.com
Phone: 317-428-8702