IBA promo ad signed by Dennis Murphy and Ted Owen The International Basketball Association (IBA) was founded in 1995 by a group of businessmen led by Tom Anderson. The original owners of franchises in the league were George Daniel (Black Hills Posse-Rapid City, SD), John Korsmo, Al Gardner, and Al Hovland (Fargo Beez), Jeff McCarron (St. Cloud Rock 'n Rollers), Bill Sorensen (Dakota Wizards - Bismarck) and Earl Barish (Winnipeg Cyclones). Earl Barish of Winnipeg directed the IBA as League President and the league eventually grew to ten franchises. In the fall of 2001, CBA and IBL teams merged with the IBA and purchased the assets of the defunct CBA, including its name, logo and records from the bankruptcy court and restarted operations, calling itself the CBA. This group continued to operate until June 2009, when it was forced to cease operations.