Ozzie Silna Net Worth is$150 Million
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Ozzie Silna net worth: Ozzie Silna is an American businessman who has a net worth of $150 million dollars. Ozzie Silna began his professional career in the textile industry, and built a polyester empire in the 60s and early 70s. He and his brother, Daniel had always dreamed of owning a basketball team, and they purchased the American Basketball League's Carolina Cougars in 1974. Their plan was to move the Cougars to the NBA, when the ABA and NBA merged. They moved the entire team to St. Louis, Missouri, in the hope that that would make their inclusion in the NBA more viable. They renamed the team the Spirits of St. Louis, and the team played through the 1976 season. The franchise ultimately folded without ever joining the NBA, releasing some incredibly talented players to other teams. Ozzie Silna and his brother negotiated a deal in which they received $2.2 million upfront and 1/7 of the four remaining ABA team's television revenue in perpetuity. The end result is that, after the eventual merger with the NBA, the Silnas have wracked up nearly $300 million dollars in profits from television revenue. The NBA has repeatedly tried to renegotiate the deal with little luck.
Ozzie Silna is an American businessman best known for his success in the textile industry, as co-owner of the American Basketball Association's Spirits of St. Louis and the lucrative deal cut to fold that team during the ABA-NBA merger.
Brothers Ozzie and Daniel Silna made a fortune as pioneers in the manufacture of polyester. In 1974, they wanted to own an NBA team. After an attempt to buy the Detroit Pistons fell short, the Silnas purchased the ABA's Carolina Cougars franchise with the expectation of moving it into the NBA with the impending merger of the two leagues.

The Silna brothers moved the Cougars to St. Louis, Missouri, because it was then the largest city in the United States without a professional basketball team and they thought this would make their team more likely to join the NBA. In 1974, the Cougars, roster and all, were overhauled and became the ABA's Spirits of St. Louis from 1974 through 1976. The 1974-75 Spirits had upset the reigning ABA champion New York Nets in the 1975 Eastern Division Finals before losing to the eventual champion Kentucky Colonels, but in the 1975-76 season the Spirits' play was uneven and their attendance waned.
The Spirits' 1975-76 season was not a success either on the court or at the box office. In May 1976, due to attendance problems in St. Louis, the Spirits announced that they were going to move to Salt Lake City, Utah, to play as the Utah Rockies when a lease agreement for the Salt Palace was arranged. This followed an attempted merger of the Spirits and the Utah Stars franchise during the 1975-76 season, a merger that, had it occurred, contemplated the team leaving St. Louis for Utah. But the Stars folded before the merger could occur and instead, the Spirits bought the rights to some of the Stars' best players, including future Hall of Famer Moses Malone. In another effort to be included in the ABA-NBA merger, the Silna brothers proposed selling the Spirits to a Utah group, buying the Kentucky Co

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Ozzie Silna Latest News

Remembering Ozzie Silna And The Greatest Deal In Sports History

All Ozzie Silna and his younger brother Daniel wanted was to own an ... Aliko Carter is a contributor for Forbes and the SportsMoney Blog. With an eye on community impacts, he covers the NBA, sports biz and philanthropy. Find him on Twitter @alikogitare.
Posted: April 30, 2016, 2:37 pm

Ozzie Silna, who cut the shrewdest deal ever with the NBA, dies at 83

LOS ANGELES — Ozzie Silna, who turned a fading American Basketball Association franchise into a four-decade windfall of nearly $800 million from the NBA in what's commonly called the greatest deal in sports history, has died at age 83. Silna's younger ...
Posted: April 29, 2016, 1:07 am

Ozzie Silna, ABA owner who made $800M off NBA, dies at 83

If you haven't heard of Ozzie Silna, you should know: He was kind of a big deal around the NBA. In fact, one of the biggest in league history. Silna, who with his brother negotiated a prescient deal that brought them almost $800 million in NBA ...
Posted: April 28, 2016, 1:39 am
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