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Ozzie Silna
Ozzie Silna Net Worth is $150 Million.. 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.
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Ozzie Silna Net Worth is $150 Million.

Ozzie Silna Net Worth is $150 Million. 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 Ne...
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Ozzie Silna Latest News

The Best Deal Ever

The cause of death: a complex and confidential settlement agreement. The chief survivors, brothers Ozzie and Daniel Silna, surely mourn, but they must take solace knowing that their $1 million investment in a sports team that went out of business nearly 40 ...
Posted: April 14, 2014, 1:00 am

The Silnas appear ready to settle with the NBA for $500 million

Daniel and Ozzie Silna, the brothers who have been a thorn in the NBA's side for nearly 40 years, appear to be nearing a settlement with the league. According to a report from Richard Sandomir of the New York Times, a settlement will be announced on ...
Posted: January 7, 2014, 10:06 am

Silna Settles Longtime NBA Dispute for $500M

Forty years after stubbornly refusing to take a cash buyout for their former professional basketball team from the NBA in favor of a portion of four of its teams television revenues in perpetuity, longtime Malibu resident Ozzie Silna, 81, and his brother ...
Posted: April 16, 2014, 11:32 am

Enterprising brothers converted NBA buyout of ABA team into multimillion-dollar windfall

MALIBU, Calif. -- "In Spirit, In Perpetuity." That four-word phrase pretty much says it all for multimillionaire Ozzie Silna, one of the architects of arguably the best sports deal -- and maybe one of the best in the annals of all American business -- ever ...
Posted: May 26, 2006, 3:00 pm

Paid Notice: Deaths SILNA, GAIL J.

Cherished daughter of Ozzie Silna of Malibu, CA. and Arline Silna Altman of NYC. Loving sister to Robin and Jeff, and adoring aunt to Matthew, Corey and Charlotte. Gail and her endearing smile will be missed by her entire family as well as many friends.
Posted: May 12, 2003, 5:00 pm
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