Business leaders announce creation of new Halifax basketball team

HALIFAX – A group of business and community leaders has come together to operate a new Halifax team in the National Basketball League of Canada.

Don Mills, CEO of Corporate Research Associates, says the Halifax Professional Basketball Club Inc. will create a team for the upcoming season.

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The move to raise capital and form a team has been led by Mills, along with the CEO of Eastlink and several other business representatives.

David Magley, the league’s commissioner, says the board has already voted to approve the new Halifax franchise.

The development comes after the Halifax Rainmen basketball team filed for bankruptcy in July after being launched in 2006.

Mills says he expects the new team to hit the court at the Scotiabank Centre in late December, adding that the team name, coaching staff and roster will be announced later this month.