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Investing In Sports
RENO, NV - Feb. 2,2004 /Send2Press Newswire/ -- AXcess News has released a story
covering the business of sports today. Whether major or minor league it's still big
business, but most of the focus is on major teams and the people who own them. While
basketball fans everywhere have heard of the L.A. Lakers, most may not have heard about
the Brevard Blue Ducks or the Brooklyn Kings, yet these are pro basketball teams too and
unlike the Lakers, their league is publicly traded.
Few people though can afford to own a professional sports team. That privilege is for
the ultra-wealthy. The rest of us must be content with memorabilia and attending a game
now and then. After all, its unlikely the LA Lakers will be trading on the NASDAQ
Eat your heart out Jerry Buss, now anyone can own a piece of a pro basketball
organization. Lifelong basketball fan and sports entrepreneur Dan Meisenheimer who
formed the United States Basketball League, Inc. in 1984 spawned the idea.
At the time he founded the USBL, Meisenheimer was the youngest Commissioner of any
professional sports league in history at age 33. Over the last nineteen years the League
has grown to eleven teams with plans to add several more this year.
In 1996, Meisenheimer helped the USBL become the first publicly traded sports league.
The United States Basketball League, Inc. is still the only publicly owned professional
sports league currently trading (OTCBB: USBL) in the market.
Jerry Buss he's not, but Meisenheimer - and the league's fans - have one thing in
common, they love basketball and with the season scheduled to open April 16th fans from
St. Joseph, MO to those in Glen Falls, NY are all gearing up for the new season, with
its stock slowly rising in anticipation of that event.
To read the rest of this story and other business news go to http://www.theaxcess.net
About AXcess News:
Dubbed the "Yahoo! of small cap business news" by Gordon Borrell, one of America's
leading media and research gurus, AXcess News is fast becoming a known commodity for
both the serious investor and people in general looking for informed articles and
insightful columns that appeal to a broad spectrum of readers. http://www.theaxcess.net
Organization Website: www.theaxcess.net
Source of News:
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