Former A.B.A. Owners Earn Millions From N.B.A
No Team, No Ticket Sales, but Plenty of Cash- NY Times article
It's a very slow time of year NBA news wise so I thought some may find it of interest that two brothers that owned the defunct ABA franchise Spirits of St. Louis have a very lucrative deal with the NBA involving television revenues that has netted Silna brothers over 250 million and counting over the years.
Now they are suing the NBA for a share of revenues from global television deals and internet broadcasting.