The VIPP Report: The Louisville Basketball Investment & Support Group is announced


By Sherlene Shanklin

Groundwork is being laid to help Louisville become NBA ready. NBA to Lou announced Thursday morning that Dan Issel, former NBA and ABA all-star and All-American at the University of Kentucky, will be president of the Louisville Basketball Investment and Support Group. The group created was in 2016 to explore the opportunity to bring an NBA franchise to Louisville.

In a news release, the group announced that more than 20 local investors have contributed a combined $750,000 in startup capital to support the initiative, referred to as “NBA 2 Louisville,” that will help make Louisville and the Commonwealth
of Kentucky NBA-ready. The $750,000 represents the first round of a $3 million private placement memorandum (PPM).

So, the organization’s primary role is to ensure Louisville and Kentucky are ready should there be an opportunity for an NBA expansion franchise or if an existing team expresses interest in relocating.

Is this a good idea or is this just wishful thinking? If you think this could be a reality would you support It?

Follow me on Twitter @sherlenemediapr and @thevippreport as I continue to watch their vision come to life.

If you have a story idea, send it to me at thevippreport@vippcommunications.com.

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