Friday June 12, 2013: The Canadian Basketball League (“CBL”) is pleased to be issuing its first press release declaring theviability of the establishment of a Canadian professional basketball league.
“The overriding objective of the CBL is that all franchises be financially sustainable both in the short andlong-term. The vision of the league is to develop and foster Canadian basketball talent. The CBL willcontinue to foster its relationship with the Provincial and National basketball in order to expand on theminimum of several Canadians per team.” said Cary Kaplan, President of Cosmos Sports Inc.
The CBL will now seek a minimum of eight (8) like-minded groups or individuals who are willing to adhereto the findings of the feasibility study; groups interested in owning a franchise in the League that wouldbegin play in the autumn of 2014
To be clear, this is not the launch of the CBL. This is a press release to notify the market place that theCBL is seeking several like-minded groups willing to be part of this enterprise.
The league will be formed to have two divisions whereby cross divisional travel is limited to playoffs; ateam salary cap will be enforced; all teams will have substantial requirements of both sales andmarketing of their clubs and provide annual dues to the League to ensure its stability.
All applicants will be reviewed on a combination of their financial viability, their sales and marketingfoundation and their Basketball acumen. Once all prospective franchises are reviewed, a ‘prospectiveowners’ meeting is targeted for mid-July of 2013 in Edmonton, Alberta.
Following the completion of a comprehensive feasibility study by Cosmos Sports, including consultationwith thousands of fans, administrators, governing officials, and multiple other stakeholders, the CNBA Inc.founded by Robert Smeenk, Thomas Smeenk, and Greg Nelson (“Founders”) and Cosmos Sports areconfident that a professional basketball league in Canada run within certain business and basketballparameters is viable and sustainable over the long-term.
“The Founders are pleased to be working with Cosmos Sports” said Robby Smeenk, CNBA President.“They have the experience, working relationships and trust of the North American sports industry,” headded. Founded in 2003 by former Hamilton Bulldogs president Cary Kaplan, Cosmos Sports hasworked with hundreds of organizations and are among the sports industry leaders in revenue generation.Cosmos Sports has consulted for and or provided training to numerous sports leagues and teams, whichinclude the Phoenix Suns, Houston Rockets, BC Lions, Ottawa Senators, Edmonton Eskimos, NHL, CFL,CHL WHL, and MLS.
For franchise enquiries or more information, please contact Anthony Vella, Cosmos Sports(905) 564-4660, ext. 241.