Business
Valiant Eagle Inc. (PSRU) Signs Share Option Agreement for the Acquisition of Majority Control of the American Basketball Association (ABA)
Valiant Eagle Inc. (PSRU) Signs Share Option Agreement for the Acquisition of Majority Control of the American Basketball Association (ABA).
About this update from Valiant Eagle Inc.
[{"type":"text","content":"Los Angeles, California, September 29, 2020 - Valiant Eagle Inc. (OTC PINK: PSRU) is pleased to announce that it has signed a share option agreement to acquire majority control of American Basketball Association (ABA). The agreement includes ownership in all ABA subsidiaries, including, but not limited to, WABA, ABA Australia, ABA Mexico, ABA Sports Realty Group, SeatBiz, ABA TV Network, ABA Store and ABA STAR.The ABA is the largest professional sports league in the US with over 175 teams playing in most major US cities including, but not limited to, NYC, Detroit, Chicago, Atlanta, Miami, Charlotte, Houston, Dallas, Phoenix, LA, San Diego, San Francisco and Kansas City. It is also the most diversified professional sports league ever with over 75% of its teams owned by African-Americans, Hispanics, Asians and women.The original ABA was established in 1967 and merged with the NBA in 1976. The New Jersey Nets, San Antonio Spurs, Indiana Pacers and Denver Nuggets were teams merged into the NBA from the ABA. Some of the ABA notable players were: Julius Erving (Dr. J), George Gervin (The Iceman), Rick Barry, Moses Malone and many others that went onto great careers in the NBA. In 1999, the ABA was re-launched by Joe Newman and Richard P. Tinkham, a co-founder of the original ABA and Indiana Pacers. The ABA established a relationship with the NBA and has been operating in harmony for the past 20 years.\"I am excited about our acquisition of controlling interest of the ABA and I am grateful for Dick and Joe relaunching the league in 2000. Valiant Eagle is ready to take the league to the next level. A problem that the ABA has faced in the past has been getting adequate exposure on television networks. Valiant Eagle is the solution to this problem and will focus on entertainment and television with as a major part of the newly developed ABA TV Network that will bring the ABA to millions of people worldwide,\" states Valiant Eagle's CEO, Xavier Mitchell. Mitchell previously owned the ABA's Phoenix Fury and gained considerable experience that will help guide him on the journey of operating the ABA. \"We are thrilled to have the opportunity to reacquaint people with the ABA's old school style with new school attitude,\" added Mitchell. He continues, \"This acquisition is one o...