Palm Beach Imperials Add Local Investor to its Ownership Group

July 5, 2006 - American Basketball Association (ABA)
Palm Beach Imperials News Release


Boca Raton, Florida - June 29, 2006 - Today the Palm Beach Imperials announced that they have added a local Boca Raton investor to its ownership group.

The Palm Beach Imperials, one of the American Basketball Association's leading teams for the 2006-2007 season recently appealed to the local community for team support and according to General Manager and Head Coach Lamont Carr, "the response has been tremendous."

"People have been so enthusiastic," said Coach Carr. "The need to have fan-friendly affordable professional basketball entertainment in Palm Beach is long overdue and everyone I speak to seems to agree, he added "and they're eager to join in and help out."

The investor has taken a sizeable interest in the Palm Beach Imperials, who are slated to start their inaugural season in Boca Raton playing all 18 home games at the Florida Atlantic University Arena, "The Burrow".

As per the agreement between the Imperials and the investor, the team is unable to disclose to the public the name of the investor or the terms of the agreement. Because of this agreement, the team is now in a better position to move forward with its development.

Although this infusion of capital undeniably allows the team to expand, the Imperials are hopeful that other investors will support their hometown team in its goal to meet the ABA Standards and Requirements and have a successful season.

Note: OurSports Central no longer actively covers the American Basketball Association (ABA) as a professional league due in part to its inability to publish and play a schedule and the transitory nature of many of its teams. For information on professional minor leagues, please see OSC's basketball section.



American Basketball Association Stories from July 5, 2006


The opinions expressed in this release are those of the organization issuing it, and do not necessarily reflect the thoughts or opinions of OurSports Central or its staff.

OurSports Central