The search for a basketball franchise, Louisville is at least planned, is regulated by the labor dispute with the National Basketball Association players to a new collective agreement.
The uncertainty of employment Louisville probably has dampened hopes of landing an NBA team, admitted Louisville attorney J. Bruce Miller, who was paid by the city to lead local efforts for a professional franchise country.
League owners refuse to discuss a new franchise situation, Miller said. And changeable with the work situation, not potential foreign investors identified in Louisville team are reluctant to commit to a considerable sum in respect of an agreement. But Miller was cautious optimism that if the dispute is resolved expressed Louisville has a legitimate chance to have an NBA team.
He testified that he was a letter from a group of five investors who have put a team in Louisville, if it was granted a new franchise or the right to transfer an existing team to get signed. Miller called the agreement a non-commercial agreement, investors say wouldnt try to find a better deal in another city. He declined to investors or even in your country, U.S..
At this point, said Miller, lawyers in New York and Los Angeles, speaking to investors directly with the office of NBA Commissioner David Stern. NBA headquarters in New York, questions referred to spokesman Mike Bass, who was out of the office Monday and could not be reached for comment. The current contract ends on 30 June without obvious solution in sight. Miller said that without a new collective agreement, the team owners could block players, raising the possibility that there may be an NBA season 2011-12 in. Several important questions franchises are clouded by the labor dispute, including the possible relocation of the Sacramento Kings, perhaps in Anaheim, and the possible relocation of the Hornets in New Orleans. The league has approved the acquisition of the Hornets for several months after its owner, George Shinn, was forced to sell under complete personal financial management. The league runs the team can be reached before a new owner. Several other cities are often seen as opportunities for new or relocated franchise, called including Kansas City, Seattle and Las Vegas.
Miller said he spent the whole $ 90,000, that the Metro Council, issued last year for expenses related to its efforts in the NBA, and he said he did not want to ask for more money. Miller, who has tried at least three times, before bringing an NBA team to the city since the mid-1990s, he said, I'm sick as a traitor represented by the use of public funds.
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The Metro Council funneled money to the Kentucky State Fair Board, which has contracted with Miller.
I think we still have a chance at an NBA franchise for the country, but we must wait until it (the conflict) is over with, said Councillor Dan Johnson Metro, D District 21, which long has been at the forefront of efforts Cities to ensure a team of professional basketball.
Johnson said he was not entitled to information is known about potential investors in any franchise in Louisville.
Miller said that if Louisville is a team in the NBA, you have with the University of Louisville to talk to the new KFC, Yum want to share! Center Cardinals Stadium home. However, Miller said it appears that UL and other commitments, it unaffordable to play for new NBA team in the new stadium and this freedom is a practical field Hall.
He said that foreign investors have to modernize their willingness to standards acceptable to Freedom Hall in the NBA, put paid, at a cost of approximately $ 70,000,000.
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Miller said that the investors do not know their country, mostly for fear that other funding sources could be that compete with them for the rights of the NBA.
Miller said a lot of cable television in which investors who have their own special cable channel computer games in Louisville, Lexington, Northern Kentucky, Bowling Green, Owensboro and Evansville, Indiana, to transfer the market is the key to plans for the team to Louisville . He said there is potential for games to almost 2 million households in those markets aired.
In addition, Miller said he has no more than 27 possible investors minority, they could at least $ 500,000 each for a stake in an NBA franchise in Louisville save base, said contacted.
If not for the unstable working conditions in the NBA, Miller said he believed that Louisville would be at least 90 percent probability of a team, perhaps as early as next fall have. But the absence of a new contract a lot of uncertainty about what they shall try to achieve, he said.
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