Tuesday, August 29, 2006

Iverson's mother to own a franchise

It's a really interesting announcement. NBA All-Star Allen Iverson's mother will run a professional basketball franchise this season. Indeed, Ann Iverson is now the majority owner and chairperson of the American Basketball Association's Richmond team.

ABA CEO Joe Newman announced, "Richmond is a great basketball city and will be a great ABA city. We are pleased to be back there. We have a really big ownership group, very knowledgeable and experienced and we know that they will do a terrific job."

Former Virgina Tech player Michael Davis will be the team's head coach. Davis noticed, "The talent around here is awesome."

We must remember that the ABA has struggled to stay afloat since it came to fruition in 2000. Many teams have folded due in large part to financial issues.