Rochester Razorsharks Booted from ABA

[ABA06er]

Joe Newman will be staying on as ABA CEO and the Rochester Razorsharks and Maryland Nighthawks have been served notice that they are being removed from the ABA for the reaminder of the season , a move that should go into effect as soon as a week from today.

The reason for the removal is a clause in the contract they both signed with the ABA. Specifics are not available on that , although I strongly have a feeling it has something to do with what went on over the past few days in a failed attempt to remove Joe Newman from acting ABA CEO.

Looks like Rochester and Maryland bit off more then they could chew.......

[preeths]

My sources indicate this is not a finished deal. I realize that Mr. Newman probably wants to rid himself of them if he retains power, but I believe that's far from a certainty at this point. It is also worth noting that Rochester and Maryland do not stand alone on this. One other team had an active role in the vote, and I know of at least one other that's sided with Rochester/Maryland.

[ABA06er]

My sources come from inside the ABA , through a group of owners and Joe Newman himself. I have read several e-mail's of which I would never share or give up the inside sources on.

Rochester and Maryland have been served notice that they are being removed from the ABA just as I said, I know that the Hollywood Fame is on this as well but as of right now they have not been served notice be the ABA for it's removal. It appears the attack is being centered upon Rochester and Maryland , I think in most part because Tom Doyle would never have even had any status in the league had Joe Newman never decided to appoint him of his positions.

Rochester and Maryland only have them selves to blame , " Never try to overthrow the King unless you are sure you can win", as of right now Joe Newman has/is winning the battle and both Rochester and Maryland have caused there own demise.

This is all very sad , I see no one as the winners in this battle. Rochester has a great fan base and great community sponsorship and now they are the ones who have taken the knife to the back. Maryland had all the hype of Sun MingMing and it was great for the ABA and now it appears his season will be cutt short as well. In the end I think the ABA will miss the Rochester Razorsharks more this season ...

the defending champions " Kicked out of the league a month before the playoffs start " No one is the winners in all of this, but as I said earlier Rochester and Maryland bit of more then they could chew I can assure you the last thing they wanted was to have thier seasons stopped and cutt short, they may never recover the fan support ....this may be the last we hear of either team , atleast in the city in which they reside in now..... it is a sad day for the ABA in all aspects.

[bomp]

If Rochester is gone, the league will be viewed with ZERO credibility.

I know. I know. It has no credibility already. But this move kills the league.

Goodbye ABA! A bush league move.

[rams80]

My sources come from inside the ABA , through a group of owners and Joe Newman himself. I have read several e-mail's of which I would never share or give up the inside sources on.

Rochester and Maryland have been served notice that they are being removed from the ABA just as I said, I know that the Hollywood Fame is on this as well but as of right now they have not been served notice be the ABA for it's removal. It appears the attack is being centered upon Rochester and Maryland , I think in most part because Tom Doyle would never have even had any status in the league had Joe Newman never decided to appoint him of his positions.

Rochester and Maryland only have them selves to blame , " Never try to overthrow the King unless you are sure you can win", as of right now Joe Newman has/is winning the battle and both Rochester and Maryland have caused there own demise.

Congratulations Joe, you're king of a league that has ZERO credibility now.

This is all very sad , I see no one as the winners in this battle. Rochester has a great fan base and great community sponsorship and now they are the ones who have taken the knife to the back. Maryland had all the hype of Sun MingMing and it was great for the ABA and now it appears his season will be cutt short as well. In the end I think the ABA will miss the Rochester Razorsharks more this season ...

the defending champions " Kicked out of the league a month before the playoffs start " No one is the winners in all of this, but as I said earlier Rochester and Maryland bit of more then they could chew I can assure you the last thing they wanted was to have thier seasons stopped and cutt short, they may never recover the fan support ....this may be the last we hear of either team , atleast in the city in which they reside in now..... it is a sad day for the ABA in all aspects.

I think we'll see both in the CBA next year. ABA on the other hand may have just committed league suicide. Second time in 3 years one of the best playing teams in your league doesn't even go to the "playoffs". The breach was necessary IMO, and maybe this was even a calculated move on their part to try to save the ABA instead of throwing it to the wolves for next year. As for this year, depending on how many owners were in on the "revolt" we might see a breakaway league form quickly. Have to wonder about the owners that sided with Newman at this point; wonder if they deserve any support from the fans right now.

[a1sports]

Oh common, please. I doubt that they would get kicked out. Think the stock would be worth anything more than 1 cent if Rochester and Maryland would leave? Joe isnt even CEO anymore,but lets call those teams tomorrow and see what they say.
ABA06er is Joes relative, mad that hes out , mad that hes getting sued, mad that the whole world knows hes a scammer.

[The Magician]

... the Rochester Razorsharks and Maryland Nighthawks have been served notice that they are being removed from the ABA for the reaminder of the season

remove the Rochester Razorsharks and Maryland Nighthawks from the ABA?

If Joe is still the CEO ... Why not just ask for the resignation of Thomas E. Doyle as President and Chief Operating Officer of the ABA ... ensure that Mr. Doyles 637,000 shares are compensated for ... and tidy up the ABA SEC paperwork?

Both teams are two of the highest visible organizations in the ABA!

What does Joe have to gain by removing them from the league? Why not allow them to complete the season?

The ABA only provides a framework of competition for member teams.

It's teams, like Rochester and Maryland, who create the value for the ABA.

Teams who become profitable$ ... become successful because of their own hard work & dedicated fans ... and not because of the ABA's Marketing Plan.

I say to you ... How will the ABA manage the fallout of FANS who will experience the loss of having their favorite teams removed from the league? Who would ever go to an ABA game in those markets again?

Think about it ... The FANS will not be blaming Rochester or Maryland ...

They will be blaming the ABA!

[showtime1]

Joe sounds like he could be headed to a new arena with bars or more likely a facility with padded walls where it is ok to refer to yourself as King.
Somebody should warn his future cellmates not to let him talk them into trading their cigarettes for ABA market reservations!!!!

[tbayz1]

if this is true and Rochester/Maryland leave this will kill the ABA, and to make it even better all the Northeastern teams, like Vermont,Buffalo,Quebec,Detroit,Cape Cod and the other stronger teams around the rest of the country should all pack up, screw the ABA, maybe play the rest of the season out though and then move to a different league next year!!!

[ABA06er]

Rochester and Maryland being kicked out of the league and not being able to finish the season is thier own fault.

The fans will blame Rochester and Maryland .... if they didnt make a failed attempt to get rid of the ABA CEO they would have finished the season and not spurned the fans and sponsors.

Your telling me this attempt couldnt have waited another month and a half ? To assure the teams fans that nothing would happen to the teams remainder of the season.

When basketball stops in another week in Rochester and Maryland , only the owners of those teams are to blame, and when the fans get wind of that they will be lucky not to be run out of town themselves.....

[rams80]

Rochester and Maryland being kicked out of the league and not being able to finish the season is thier own fault.

The fans will blame Rochester and Maryland .... if they didnt make a failed attempt to get rid of the ABA CEO they would have finished the season and not spurned the fans and sponsors.

Your telling me this attempt couldnt have waited another month and a half ? To assure the teams fans that nothing would happen to the teams remainder of the season.

When basketball stops in another week in Rochester and Maryland , only the owners of those teams are to blame, and when the fans get wind of that they will be lucky not to be run out of town themselves.....

You're not making a real strong case here about your not having a last name of Newman. Shoot, that's the only way you could get those emails.

As for waiting, the longer they wait, the more money they lost on those ABA shares. Furthermore, if you can pull the change this year you're better off doing so. Anywho, assuming Rochester and Maryland are done, I can see both of them securing ad space and presenting the news locally so that the ABA looks to be to blame. If there are no more games though, I would recommend refunds to help prepare for next year.

[The Magician]

When basketball stops in another week in Rochester and Maryland , only the owners of those teams are to blame, and when the fans get wind of that they will be lucky not to be run out of town themselves.....

like an ABA proclamation affects the universe or something :rolleyes:

Basketball operations will carry on in Rochester and Maryland ... with or without the ABA ... and the fans will back them 100% ;)

[bomp]

I was Joe, I'd be worried about those indictments that are coming.

His fellow inmates are going to enjoy that wig that he wears. :D

[jamesaba]

Oh common, please. I doubt that they would get kicked out. Think the stock would be worth anything more than 1 cent if Rochester and Maryland would leave? Joe isnt even CEO anymore,but lets call those teams tomorrow and see what they say.
ABA06er is Joes relative, mad that hes out , mad that hes getting sued, mad that the whole world knows hes a scammer.

HAHA LOL....If that isn't the world's most perfect example of the POT CALLING THE KETTLE BLACK!!!!!!

[jamesaba]

Rochester and Maryland being kicked out of the league and not being able to finish the season is thier own fault.

The fans will blame Rochester and Maryland .... if they didnt make a failed attempt to get rid of the ABA CEO they would have finished the season and not spurned the fans and sponsors.

Your telling me this attempt couldnt have waited another month and a half ? To assure the teams fans that nothing would happen to the teams remainder of the season.

When basketball stops in another week in Rochester and Maryland , only the owners of those teams are to blame, and when the fans get wind of that they will be lucky not to be run out of town themselves.....

Basketball won't "stop" in either place. Their games are booked with tickets and sponsors sold. They will play games no matter what even if its against themselves.

[ABARedWhiteBlue]

ABA06 -
Cetainly Joe will retaliate with any and all methods he can - and be sure to publicly berate, insult and denigrate the reputations of all the people involved...






..... if he WINS.

Chicago planned a Super Bowl celebration. John Kerry had a number of immediate changes in mind. Napolean had plans beyond Waterloo. George Custer was going to punish the Indians after Little Big Horn.

But - they all lost. Currently, Joe has access to the ABA website - for what newsworthy purpose it serves. Certainly there are at least as many ideas and progressive changes planned by the other group involved here; as well as, most likely, a much longer time in planning and preparing, rather than reacting as Joe has had to do.

Joe's biggest obstacle here is the prominence of those people who oppose him. One assumes that Wolff will stay out of the middle of it, but any list of the strongest franchises must include Rochester and Maryland in the top 4. as the team that unquestionably gets the best media coverage, Rochester will have the Dem-Chron on their side, and if the Fame is indeed involved, Salley has a bully pulpit as well if he chooses to do so on national TV. Joe has the website to post his thoughts, which will be picked up by minor-league oriented sites.

If Roch/MD leave, where is the marquee team outside of Vermont? Where is the league standard-bearer for organization, respect and success? Two of the strongest teams just merged because a hotel closed; not exactly a strength to build on going forward.

I'm sure both sides expect to win, and have made plans once they have been victorious. But remember...

there are a lot of people in third world countries who will be wearing Super Bowl XLI Champions t-shirts with Bears logo on them.

[Dunker1]

My sources come from inside the ABA , through a group of owners and Joe Newman himself. I have read several e-mail's of which I would never share or give up the inside sources on.

Rochester and Maryland have been served notice that they are being removed from the ABA just as I said, I know that the Hollywood Fame is on this as well but as of right now they have not been served notice be the ABA for it's removal. It appears the attack is being centered upon Rochester and Maryland , I think in most part because Tom Doyle would never have even had any status in the league had Joe Newman never decided to appoint him of his positions.

Rochester and Maryland only have them selves to blame , " Never try to overthrow the King unless you are sure you can win", as of right now Joe Newman has/is winning the battle and both Rochester and Maryland have caused there own demise.

This is all very sad , I see no one as the winners in this battle. Rochester has a great fan base and great community sponsorship and now they are the ones who have taken the knife to the back. Maryland had all the hype of Sun MingMing and it was great for the ABA and now it appears his season will be cutt short as well. In the end I think the ABA will miss the Rochester Razorsharks more this season ...

the defending champions " Kicked out of the league a month before the playoffs start " No one is the winners in all of this, but as I said earlier Rochester and Maryland bit of more then they could chew I can assure you the last thing they wanted was to have thier seasons stopped and cutt short, they may never recover the fan support ....this may be the last we hear of either team , atleast in the city in which they reside in now..... it is a sad day for the ABA in all aspects.

I think Unlce Joe has taken the wrong pills again and is hallucinating! Think about it- two of three teams last year that played all 36 games, Maryland the team that got the league more pub than any other team - Cold Pizza appearance, other National tv - and this year with the signing of Sun Ming, has brought more attention to the ABA than ever. Rochester gets a real tv deal!
This would make a ton of sense to "boot" these teams. According to public records, Doyle sits on the board and is President, that's real information.
Imagine the wisdom of Newman to attempt to do such an absurd thing, remember this is a public company and shareholders have a say. Have any of you seen the interviews with Maryland and what Doyle says- his team actually does all the right things as does Rochester.- now uncle Joey thinks he will kick them out- nice move Joe. it looks like the glue from the rug is seeping deep in your brain.

[preeths]

My sources come from inside the ABA , through a group of owners and Joe Newman himself. I have read several e-mail's of which I would never share or give up the inside sources on.

Rochester and Maryland have been served notice that they are being removed from the ABA just as I said, I know that the Hollywood Fame is on this as well but as of right now they have not been served notice be the ABA for it's removal. It appears the attack is being centered upon Rochester and Maryland , I think in most part because Tom Doyle would never have even had any status in the league had Joe Newman never decided to appoint him of his positions.

Rochester and Maryland only have them selves to blame , " Never try to overthrow the King unless you are sure you can win", as of right now Joe Newman has/is winning the battle and both Rochester and Maryland have caused there own demise.

This is all very sad , I see no one as the winners in this battle. Rochester has a great fan base and great community sponsorship and now they are the ones who have taken the knife to the back. Maryland had all the hype of Sun MingMing and it was great for the ABA and now it appears his season will be cutt short as well. In the end I think the ABA will miss the Rochester Razorsharks more this season ...

the defending champions " Kicked out of the league a month before the playoffs start " No one is the winners in all of this, but as I said earlier Rochester and Maryland bit of more then they could chew I can assure you the last thing they wanted was to have thier seasons stopped and cutt short, they may never recover the fan support ....this may be the last we hear of either team , atleast in the city in which they reside in now..... it is a sad day for the ABA in all aspects.

As someone has already stated, Mr. Newman has to win first for any of this to matter. The ABA is a public company, and the winner is not decided by a vote of the teams. Frankly, I'd be surprised if most of them would make any other choice, but again it doesn't really matter. I would be surprised if the entire matter doesn't get decided in court.

I am being told we'll see a public document in the next couple of days that presents a much different take on the situation.

[SportsGIG]

If your a public company the board of Directors has the right to get rid of the CEO if the CEO is doing things that hurt the company. Well? Lets look at Uncle Joe, is there anything he did the past 5 years that would benefit the company? No. Is there anything that Joe did the past 5 years that would hurt the company? YES. Since they have gone public in December, Joe still thinks he is in the basement running his dog and pony show, WRONG Joe...your Gone. How many previous owners do you think would testify aganist Joe? How many players? How many vendors? How many current Owners? Lets put it this way...your outta here !!! so go ahead and remove Rochester and Maryland, lets see if the shareholders agree with a 1/2 wit at the helm.

[Shootmaster_44]

I started following the ABA circus after the hiatus in the 2003-04 season (I think was the year) when Calgary was granted a team. The first couple years of the ABA when it was a small league, was the league as badly mismanaged as it is now?

I'm not trying to make excuses for Joe Newman, but could the problems in the ABA be caused by his designs on expanding? Since he went too fast and allowed in every Tom, Dick and Harry he could find with enough cash for the market fee is this the major reasons for the problems and not so much on himself? In other words is it more the owners he allowed into the league that are causing the problems, rather than Joe himself? I realize the easy answer is he allowed them into the league and therefore caused the problems.

Let's say a difference scenario developed post-hiatus and Joe kept the league smaller, would there be as many problems because he is at the helm or would the league be running smoothly? I only ask this because I am following the ABA from Saskatoon and not in a league market. So other than what is mentioned here and other media outlets, I don't have firsthand knowledge of the good, the bad and the ugly of the ABA.

[bdaly]

When basketball stops in another week in Rochester and Maryland , only the owners of those teams are to blame, and when the fans get wind of that they will be lucky not to be run out of town themselves.....
Please. The Bob Matthews radio show and newspaper column posts every single ABA slip up--he makes it into a comedy show. He talks over and over how the Razorsharks are too good for a league with these embarrassing issues. Our newspaper posted the top ten things that need to be improved in Rochester in 2007, and the ABA was number seven. If Rochester and Maryland go out, I suspect they won't be the only ones. I'd guess they'll play out the season against each other. Most of the teams rumored to be involved are the rightful playoff teams.

As has been stated, this presumes they lose this battle. Again, based on the backgrounds of the Nighthawks (law) and Razorsharks (CEO and doctor), I tend to believe they probably are in the right. If you kick out the league's two most stable franchises (yes, three and two years respectively), you lose all credibility. If he kicks these teams out, I think the ABA's fate is sealed. Then you'll see the two aforementioned teams along with a host of other strong ABA teams playing in another league next year--whether it be a new or established one.

[BreakersFan]

Rochester and Maryland being kicked out of the league and not being able to finish the season is thier own fault.

The fans will blame Rochester and Maryland .... if they didnt make a failed attempt to get rid of the ABA CEO they would have finished the season and not spurned the fans and sponsors.

Your telling me this attempt couldnt have waited another month and a half ? To assure the teams fans that nothing would happen to the teams remainder of the season.

When basketball stops in another week in Rochester and Maryland , only the owners of those teams are to blame, and when the fans get wind of that they will be lucky not to be run out of town themselves.....

No way - even the loyal fans know what kind of operation the ABA is. I think if anything, getting booted out is the best thing that could happen for Rochester and Maryland. Now they can focus on 07-08 and credibility, either in the CBA or in a new northeastern league.

I will say that the one point I agree on with ABA06er: This could have waited until April.

[bectond]

If you kick out the league's two most stable franchises (yes, three and two years respectively), you lose all credibility. If he kicks these teams out, I think the ABA's fate is sealed. .

Mr. Newman is a very smart man! Who says he wants stable franchises? Why would he want stable franchises when he makes all his money off of expansion fees. He wants a few stable teams to use in his sales pitch to prospective owners but if those teams owners become bothersome why would he want them around? I'm sure he he'll do just fine without Rochester and Maryland, he is in the sucker business and Lawyers and doctors often don't make for long-term suckers.

[preeths]

It seems to be a moot point, at least for the next 20 days. The SEC filing confirms that Joe Newman is not the CEO of the ABA.

[Fells]

As I am not fluent in legalese, what happens in the interim? Is Mr. Doyle in charge of the league and what power does he have? I would have to make the assumption Joe will fight this in the courts and attempt to have an injunction placed that keeps him as the CEO. Are there by-laws governing the league that have a provision for the type of action that has been voted on by the board of directors?

I know, I know, I am asking a crap load of questions......

[preeths]

I'd imagine the board has control of league operations until a new CEO is named. Other than that, any lawyers out there?

[a1sports]

upon asking an attorney.

Joe is out. He can call for a shareholders meeting. At the shareholders meeting he has to convince them (50.1%) to vote him back in. Heres where the attorney says it gets crazy, Based on Joes MO, he will offer the shareholders with the most stock some "deal" which is illegal. So if there are 500 shareholders, Joe just has to find the 6 or 7 plus Himself and Tingkham to make it 50,1% and poof he is back and Doyle and Salley are out.

If that happens lets see what Rochester and Vermont and Maryland and Long Island and Detroit and Buffalo and anyother respectable owners do.

The stock will be worth Zero and the madhatter will be back giving out franchises, BUT it will be very hard to have investors or sponsors believe in the league with all the truth the previous owners put out there. So he will come close to making alot of money but his ego will cost him. This is per the attorney's analysis.

[bectond]

Mr. Newman most likely agreed with the reverse takeover because he could then pass his legal problems and liabilities on to the new corporation. If he is as smart as I think for is he will just exercise his warrants at a cheap predetermined price until he has enough shares to reverse the action taken. Which is the wises move because he does not want to loss the tax shelter he gained by acquiring the shell companies losses .

Or he could just request a spin-out and divide the company thus becoming two separate leagues. If his enemies retain the ABA name they will also retain his legal problems and liabilities thus allowing him a clean get away.

Or for could seek a number of leverage buyouts and simply buy out all his enemies one by one until they are all gone.

As long as he has a lot of stock he is not out. The ABA can't really raise any money without his salesmenship. If they impose fees on team owners Mr. Newman will just gain more support from all the low-budget owners (which are 95% of ABA owners).

[minorleaguebball]

I'd imagine the board has control of league operations until a new CEO is named. Other than that, any lawyers out there?
Since joe is out as CEO is OSC stopping all press releases from him since his is not an official representive for the ABA at this time?

[sportsguy12]

Since joe is out as CEO is OSC stopping all press releases from him since his is not an official representive for the ABA at this time?

How convenient that you found this forum and started posting with only two previous posts. Who are you Tom Doyle Jr.?

Do we have proof that Joe is really not the CEO "at this time?" I'm sure you can produce something. I'm sure Paul will tell you that this question should have been e-mailed to him directly and not posted.

Cya T Jr.

[ABA06er]

ABA News

ASK THE CEO - INTERNATIONAL TEAMS?

07-Feb-2007
Question from Frank W, NYC: "Have you ever thought of having more international teams like the team from Beijing in the ABA?"

Answer: Frank. Thanks for the question. The answer is yes. We have found the Aoshen Olympian to be a great asset to the ABA in many ways. They have a fine organization and have been a very competitive team. Fans really enjoy seeing them in action; teams enjoy playing them. And they have introduced the ABA to China via TV. Our plans include adding 3-5 international teams for the upcoming season and we anticipate making the announcements shortly. We also plan additional expansion in Canada and Mexico for next season. We're very excited about our international initiative and the worldwide exposure it is providing.
Keep your eye on the web site for more details.

If you have a question, send it to joenewman@abalive.com.




seems to me Joe Newman is fielding the questions directed to the ABA CEO and is answering them as the ABA CEO becuase he IS THE ABA CEO - that has todays date on it and was posted today.

[preeths]

Joe controls the ABA website right now, we all know that.

[gonzo13]

OK.....I'm the Easter Bunny...send all Easter Bunny related questions to me ....

[preeths]

How convenient that you found this forum and started posting with only two previous posts. Who are you Tom Doyle Jr.?

Do we have proof that Joe is really not the CEO "at this time?" I'm sure you can produce something.

You mean like this:
http://www.sec.gov/Archives/edgar/data/1332044/000114420407005571/v064649_8k.htm

In part:
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers


At a special meeting of the board of directors of American Basketball Association, Inc. (the “Company”) held on January 31, 2007, a majority of the Company’s board of directors voted to remove Joseph Newman as its Chief Executive Officer.

On the same date, Joseph Newman delivered a notice and shareholder resolution (the “Resolution”) notifying Messrs. Thomas E. Doyle, John Salley and David Howitt that Mr. Newman and certain other shareholders of the Company holding a majority of the outstanding shares of the common stock of the Company were proposing to take action to remove them as directors of the Company and elect Mr. Paul Riley as a director of the Company.

As of the date hereof, a fully executed version of the Resolution attempting to remove Messrs. Doyle, Salley and Howitt has not been provided to the aforementioned directors. Further, the Company notes that such shareholder actions may only properly be effected after compliance with applicable federal securities laws mandating the filing and mailing of an information statement to the Company’s shareholders 20 days in advance of taking such action.

In connection with the removal of Mr. Newman as chief executive officer, the board of directors intends to establish a special committee to review all agreements executed by Mr. Newman on behalf of the Company to ensure that such agreements were properly authorized by the Company’s board of directors.

[ABARedWhiteBlue]

Did the question come in today? Did it come in yesterday? He didn't post an "ASk the CEO" from December 1 until the past few days. One thinks he has a few he can post now, at least to save face and present himself as 'in charge' of the league.

He still has access to ABAlive (the old version) so he can post whatever he wants. The established group in power always has access to the media; until the revolutionaries gain control.

Why doesn't he address the ongoing issue of control? Why not address the SEC filing? When will the Razorsharks, Fame, and Nighthawks games be re-scheduled? Where is the crocodile-tears story from Joe about the unfortunate, dedicated fans of Rochester, Maryland and Hollywood (not many in Hollywod, but anyway...) - how they deserved better than they received from those ownership groups and that the ABA will get a new and better team in there for them to enjoy -as soon as the check clears - maybe even this season?

[jamesaba]

Mr. Newman most likely agreed with the reverse takeover because he could then pass his legal problems and liabilities on to the new corporation. If he is as smart as I think for is he will just exercise his warrants at a cheap predetermined price until he has enough shares to reverse the action taken. Which is the wises move because he does not want to loss the tax shelter he gained by acquiring the shell companies losses .

Or he could just request a spin-out and divide the company thus becoming two separate leagues. If his enemies retain the ABA name they will also retain his legal problems and liabilities thus allowing him a clean get away.

Or for could seek a number of leverage buyouts and simply buy out all his enemies one by one until they are all gone.

As long as he has a lot of stock he is not out. The ABA can't really raise any money without his salesmenship. If they impose fees on team owners Mr. Newman will just gain more support from all the low-budget owners (which are 95% of ABA owners).

The NBA owns the rights to the name "American Basketball Association" and licensed it to Joe and Dick. If they chose to revoke it and give it to another group - that group would not inherit the previous group's liabilities.

[The Magician]

The NBA owns the rights to the name "American Basketball Association" and licensed it to Joe and Dick. If they chose to revoke it and give it to another group - that group would not inherit the previous group's liabilities.

Now, that would be the ticket ... It's true ... The NBA CARES :mrgreen:

[Sam Hill]

seems to me Joe Newman is fielding the questions directed to the ABA CEO and is answering them as the ABA CEO becuase he IS THE ABA CEO - that has todays date on it and was posted today.

Well, hard to argue with logic like that :rolleyes:

I am, as of now, Grand Poobah of Canada. I'll be taking your questions and posting them on my website, so that proves I'm the Grand Poobah of Canada.

[bectond]

The NBA owns the rights to the name "American Basketball Association" and licensed it to Joe and Dick. If they chose to revoke it and give it to another group - that group would not inherit the previous group's liabilities.

I know that, your missing my point. The only reason they went public wass most likely to share their legal problems with a group of fools willing to get in the bed with them. Yes, the NBA owns the rights and can revoke it but any law suits that Mr. Newman had as a privately owned company prior to the ABA going public is now the shareholders woes. That is why a reverse takeover was such a dumb azz move for everyone involved other than Mr. Newman. They inherit all his legal woes. The NBA or the next group they sell the naming rights too does not inherit them the shareholders of ABA inc. do. I don't know what point you were trying to make. I'm not talking about naming rights: I'm talking about the corporation dude. If Mr. Newman spins-out and forms another independent basketball league the ABA Inc. or what ever they are called are azz out with no income coming in (due to losing their salemen) and a s.. load of lawsuits.
The ABA Inc. not the ABA naming rights. Do you understand?

P.S. If Mr.Newman sells his shares then all his legal woes would be behind him, however a spin-out would make more sense because he could then do this all over again to the next batch of fools. Why would anyone buy a franchise then turn away and enter into a corporation with Mr. Newman? He must be the worlds greatest sales men.

[rams80]

Well, hard to argue with logic like that :rolleyes:

I am, as of now, Grand Poobah of Canada. I'll be taking your questions and posting them on my website, so that proves I'm the Grand Poobah of Canada.

I will field all questions relating the People's Republic of God@mnitstan, as I am the Supreme Leader and Dictator for Life.

(Actually, I'm tempted the ask the CEO some things, but I don't want ABA06er err. Unca Joe to get my email address).

[nksports]

Well, hard to argue with logic like that :rolleyes:

I am, as of now, Grand Poobah of Canada. I'll be taking your questions and posting them on my website, so that proves I'm the Grand Poobah of Canada.

Sorry, the new Prime Minister of Canada, who ordered Ike back to Canada, turned out to be Saddam Hussain.

[BreakersFan]

ABA News

ASK THE CEO - INTERNATIONAL TEAMS?

07-Feb-2007
Question from Frank W, NYC: "Have you ever thought of having more international teams like the team from Beijing in the ABA?"

Answer: Frank. Thanks for the question. The answer is yes. We have found the Aoshen Olympian to be a great asset to the ABA in many ways. They have a fine organization and have been a very competitive team. Fans really enjoy seeing them in action; teams enjoy playing them. And they have introduced the ABA to China via TV. Our plans include adding 3-5 international teams for the upcoming season and we anticipate making the announcements shortly. We also plan additional expansion in Canada and Mexico for next season. We're very excited about our international initiative and the worldwide exposure it is providing.
Keep your eye on the web site for more details.

If you have a question, send it to joenewman@abalive.com.




seems to me Joe Newman is fielding the questions directed to the ABA CEO and is answering them as the ABA CEO becuase he IS THE ABA CEO - that has todays date on it and was posted today.

Fine - let Joe take the ABA to China. Then Doyle et al can set up a better, more legit league here at home.

[ABARedWhiteBlue]

Hey, look! Rochester IS coming back next year:

ABA TO ADD SECOND TEAM IN MINNESOTA NEXT SEASON

09-Feb-2007
Indianapolis, IN -- The American Basketball Association announced that it will add a second team in Minnesota when a team in Rochester MN begins play next season.

According to Joe Newman, ABA CEO, "We decided to make the official announcement because of the tremendous response from the press and media in Rochester when they learned of the news. It is tough to keep a secret. We are delighted to be going to Rochester. The Minnesota Ripknees have one of our best teams this year and having a regional opponent will certainly benefit them and the ABA. Our north central division is really shaping up."

"The owners of the new Rochester team are planning a major press conference very shortly," Newman added. "And they have asked me not to divulge any additional information so that they can present it properly at the press conference. I have seen their plans; this is a very strong group with a lot of experience and they appear to be doing everything right. And from all of the calls and emails we've received since word leaked out, the team will have very strong community and media support. We are pleased."

For more information please email rochester_aba@yahoo.com.

It's about 1000 miles west, but still....

And:
"We decided to make the official announcement because of the tremendous response from the press and media in Rochester when they learned of the news."
not to mention that it puts up the public appearance that he is actually still in charge of the league...

[AConcernedCitizen]

This is so sad...

I don't think Joe really understands what's going on.

I don't think that the SEC will take a very positive view of Joe pretending he is still at the head of a public company when he has been duly and legally removed.

If he wasn't in trouble before with the SEC, I would imagine he certainly is now.

I just don't think he gets it.

It really is like some tin pot dictator surrounded in his bunker issuing orders to imaginary divisions to come out and rescue him...

[The Magician]

I would think that any ABA MARKET RESERVATION accepted by Joe Newman would be, kind of, null & void, so to speak?

ABA News
ABA TO ADD SECOND TEAM IN MINNESOTA NEXT SEASON

09-Feb-2007
Indianapolis, IN -- The American Basketball Association announced that it will add a second team in Minnesota when a team in Rochester MN begins play next season.

According to Joe Newman, ABA CEO, "We decided to make the official announcement because of the tremendous response from the press and media in Rochester when they learned of the news. It is tough to keep a secret. We are delighted to be going to Rochester. The Minnesota Ripknees have one of our best teams this year and having a regional opponent will certainly benefit them and the ABA. Our north central division is really shaping up."

"The owners of the new Rochester team are planning a major press conference very shortly," Newman added. "And they have asked me not to divulge any additional information so that they can present it properly at the press conference. I have seen their plans; this is a very strong group with a lot of experience and they appear to be doing everything right. And from all of the calls and emails we've received since word leaked out, the team will have very strong community and media support. We are pleased."

For more information please email rochester_aba@yahoo.com.

So really, there is no "ABA" team in Rochester, MN ... Just a team.

Now I wonder who's going to send some e-mail to rochester_aba@yahoo.com to let them know, that [currently], they are a team NOT associated with the ABA??? I wouldn't hold that press conference quite yet ... You might then have to hold another press conference, to introduce yourselves as a member of another basketball league.

[Sam Hill]

According to Joe Newman, ABA CEO, "We decided to make the official announcement because of the tremendous response from the press and media in Rochester when they learned of the news.

Bull.

Sh!t.

[wmschult]

what is the latest on this?

have both teams been booted?

are they playing their games as scheduled?

[preeths]

Both teams played Sunday and remain on other teams' schedules.

[Fells]

what is the latest on this?

have both teams been booted?

are they playing their games as scheduled?


And if the roads manage to be cleared sometime this week, Maryland will be in Burlington tomorrow to take on Vermont. Disclaimer there as we are getting our @sses kicked with snow right now. We could see two and a half feet by tomorrow morning.

[ABARedWhiteBlue]

And if the roads manage to be cleared sometime this week, Maryland will be in Burlington tomorrow to take on Vermont. Disclaimer there as we are getting our @sses kicked with snow right now. We could see two and a half feet by tomorrow morning.

And, Joe being Joe - if Maryland is unable to get to Vermont, even due to the weather, Joe will somehow blame Doyle for "failing to meet the schedule" (or some crap like that) and add that to his list of why he is looking (hoping? praying? begging? deliriously dreaming?) to remove the Nighthawks from the league.

[The Sweeper]

I've been assured by the Frost Heaves that the game will be played. If it is not played Thursday night, it will be played Friday night.

[Fells]

And, Joe being Joe - if Maryland is unable to get to Vermont, even due to the weather, Joe will somehow blame Doyle for "failing to meet the schedule" (or some crap like that) and add that to his list of why he is looking (hoping? praying? begging? deliriously dreaming?) to remove the Nighthawks from the league.


Well, considering Burlington has two feet of snow; Stowe(45 minutes from here) has 30 inches, and one town near here has 36 inches, there is no way he could even think about it.

[meyes]

That game has been officially posponed for one night to Friday. Very professionally done, advance notice and all.

[The Sweeper]

Agreed. They also have posted a statement on the front page of their website.

[Fells]

That game has been officially posponed for one night to Friday. Very professionally done, advance notice and all.


I will third that. I received a call from Alex Wolff on my cell this morning at 8:20 notifying me the game had been postponed. His advance notice gave me more than adequate time to get the information on the air. Good move Alex.

[WHAFAN]

Can one or two owners that do things the right way save this misfit hack rec-league? They should cut their loses, jump ship and join a league where someone has control of things.

[psbf]

Wilmington hosting Tennessee is canceled due to bad weather tonight