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NBA Development League Team

  • Capital Requirement::$7,500,000
  • Total Project Cost::$7,500,000
  • Project Location:New York / Ontario / Victor
  • Posted on:2015-05-15 15:35
  • Valid until:Never Expire
  • Project Infoarea:N. AmericaUnited States
  • Hits:244
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Details
 Bouie Basketball, Inc. is in the process of raising $7.5 million

by selling Class A Preferred Stock to provide the necessary

funding to acquire an NBA Development League Franchise

and cover the costs required to launch the team. The Class A

Stock holders could expect to receive a rate of return ranging

from 12% to 25% per year depending upon the future value of

the underlying franchise. The NBA wants all 30 of its teams to

have a direct affiliation with a D-League franchise that means

12 more teams need to be added to the NBA D-League. As

teams are added, the franchise value is expected to climb

with the same rapid growth rate enjoyed by NBA teams. The

economic reality of a fixed supply and ever increasing

demand makes the D-League a once in a lifetime investment

opportunity. Leading this project is Roosevelt Bouie, a famous

basketball player who is highly regarded in the market of

Rochester, NY. He has assembled an organization, secured

an arena, and has aligned Bouie Basketball with an

undisclosed NBA team for affiliation. The Company has

established an escrow account for the receipt of funds. The

delivery of funds into this escrow will determine the ranking of

investors in the event of over-subscription.
 
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