February 5, 2009 - Premier Basketball League (PBL)
Chicago, Ill... The Premier Basketball League announced to today it has made the decision to terminate the membership rights of the Montreal Sasquatch ownership group.
"While it is not a decision we like to make, it is in the best interest of the PBL and all of the other PBL teams. As the owners are aware we have a zero tolerance policy for any team that does not comply with PBL rules and regulations. We have made great strides to establish a top quality league and we will not have the value of our league and members affected by any organization that fails to meet minimum requirements." stated Thomas Doyle CEO of the PBL.
"We have a very focused business objective and as we have informed all of our team owners we expect that teams are candid with us concerning the operation of their teams. We will not tolerate players not being paid and if such a situation arises the PBL will act swiftly against any organization that violates this minimum requirement" added Doyle.
"The PBL has been fortunate to establish a strong position in the basketball world in a very short period of time. Our television, Internet and mobile broadcast deal with @SPORTSTV, soon to be announced broadcast initiatives with China and several other countries has not only elevated the profile of the PBL but increased the value of our PBL teams." indicated Dr. Sev Hrywnak Chairman of the Board for the PBL.
"We still believe that Montreal can be a great city for PBL basketball and will consider the applications from interested ownership groups that we have received. The great success of our teams in Quebec City and Halifax have shown how popular PBL basketball is in Canada." added Hrywnak.
"There will be no effect on the other PBL teams with the removal of the Sasquatch. All teams will play the 20 game schedule. We will announce our agenda for all matters relating to this situation very soon." stated Doyle. "The PBL, though under no obligation to do so, has already begun the process of determining what monies are owed to players and will handle that situation directly" indicated Doyle.