- the league is profitable
- the league fizzled out in 2005 then Newman took over and turned it all around
- national sponsors and merchandise
- joe now finances new owners
http://www.richmondbizsense.com/2012/01 ... her-dream/
"If games are missed, it hurts no one" ...... ABA CEO Joe Newman 2/9/09
Due to numerous threats of legal action from certain people.......all of the above is my opinion only and it should be noted that I have never invested in the ABA. It is simply one mans opinion.
Well, Newman already told you the profit projections! $150,000 to $400,000! But only if you market it right!
Because that's been the problem with minor league basketball teams since the beginning: none of them have ever made $400,000 profit in a year because they haven't followed the Joe Newman McDonald's/Walmart Marketing Playbook!
Joe's shameless. I'd ask if he's the bigger idiot or the reporter is, but it's obvious the reporter is. He covers business and can't do the slightest bit of research to see what's actually happening? Does he think that with 400 people a game they're going to make $400k in profit?
How stupid are people?
Honored to have been the 13th player for the Vermont Frost Heaves game on 2-16-07 against the Maryland Nighthawks.
The ABA is the basketball equivalent of Amp'd Mobile.