Iverson's mom to own ABA team in Richmond, Va.

Allen Iverson's mom showed her own crossover skills Friday, when the ABA announced she'll have her own team this season.

Ann Iverson will be the majority owner and chairwoman of the American Basketball Association's new team in Richmond, Va.

"Richmond is a great basketball city and will be a great ABA city. We are pleased to be back there," ABA CEO Joe Newman said. "We have a tremendous ownership group, very knowledgeable and experienced and we know that they will do a terrific job."

George Christopher, CEO of L'Impresa LLC, will serve as general manager and minority owner of the team during its inaugural season. L'Impresa, LLC is a management firm that handles the business affairs of NBA, NFL and entertainment clients.

Michael Davis, who played at Virginia Tech, will be the team's coach and director of player personnel.

"The talent around here is awesome," Davis said.

The ABA has had a tumultuous existence since 2000, with teams regularly joining and folding when faced with financial difficulties in past seasons.