BUYING A PART OF THE LEAGUE: ONE YEAR LATER

by Jordi Scrubbings, The Serious Tip

Exactly one year ago today, I wrote a column on my site informing the masses about the United States Basketball League. The USBL is the only publically-held professional sports league in America. It is the only league that the common fan can own a piece of the action.

Since I last reviewed the USBL, the stock price for a share of the league has fluctuated from 95 cents to 1.57 to its current November 20th price of 51 cents. Although the stock price has drastically dropped, I would still recommend the USBL as a great investment and consider the present an ideal time to buy.

Recently, the powers that be at the USBL have made a concentrated push to attract investors. They have recently both advertised in the Wall Street Journal and moved their headquarters to a more profitable location. These efforts, according to media reports, have been effective, as numerous investors have approached the league.

For those looking to do more than buy a few shares, the USBL has cut its cost for new franchises by 50% in the last year, from $200,000 to $100,000 dollars. Not a bad investment, when you consider most fast food restaurants usually cost between $50,000 and $100,000. And as a USBL franchise owner, you don't have to worry about trans fat.

So why invest in the USBL? Because it was the original home to basketball legends Manute Bol, Spud Webb, Sun Ming Ming, and current Toronto Raptor Jamario Moon. Because a dozen NBA players have graduated from the USBL. Because fantasy players just aren't real enough. Because you want an official reason to call a team "we". Because what else are you going to do with 51 cents?

So check out the United States Basketball League at their home page www.usbl.com, and my previous post on the league, to include four more reasons to invest, at The Serious Tip and buy a part of the league.

(Note: I do not own any shares of the USBL, nor is this a paid endorsement. I just think it is cool to talk about owning a piece of a pro sports league.)