He then went on to become a major player in the sports world, becoming the owner of the American Basketball Association's Spirits of St. Louis. He negotiated a deal with the NBA that allowed the Spirits to join the league, and in return, he and his brother received a share of the NBA's television revenue. This deal has earned Ozzie Silna an estimated $150 million dollars over the years. Ozzie Silna is an American businessman with a net worth of $150 million dollars. He began his career in the textile industry and built a polyester empire in the 60s and 70s. He then became the owner of the American Basketball Association's Spirits of St. Louis and negotiated a deal with the NBA that allowed the Spirits to join the league. In return, he and his brother received a share of the NBA's television revenue, which has earned him an estimated $150 million dollars over the years.
Ozzie Silna is a member of Executives

💰Ozzie Silna Net worth: $150 Million

Some Ozzie Silna images

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.