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Las Vegas Bandits cease operations

by Bandits Press Release
March 14, 2001 - International Basketball League 1 (IBL 1)

LAS VEGAS BANDITS CEASE OPERATIONS

Las Vegas Press Release

LAS VEGAS: The Las Vegas Bandits of the International Basketball League (IBL) today announced that the franchise has ceased operations due to financial reasons.

The major factors in the franchise decision to cease operations were: failed investors and the unsuccessful merger of the IBL/American Basketball Association 2000 (announced on Dec. 5), which led to the late release of a finalized schedule. The factors resulted in the team's challenges to gain the support from the community.

Season ticket holders and persons holding paid tickets for the final 12 regular season home games will receive refunds. For further information, call 938-3838. The Bandits franchise will also handle payables. Inquiries call or correspond to: Las Vegas Bandits, 6325 Harrison Drive, Suite 1, Las Vegas, NV 89120.

The Bandits were currently in their second IBL season. The team compiled an overall record of 37-27 (.578) in its inaugural campaign. This season, the Bandits were one of only two teams in the league to post 20 wins or more. Las Vegas was 20-11 (.645) overall and trailed St. Louis (29-4) in the West Division.

Las Vegas ranked sixth in attendance, in the 11-team league, with an average of 1,944 through 14 dates. The Bandits' season-high crowd was 5,185 against Cincinnati on Feb. 2.

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