After six seasons and recent unstable ownership, the Moncton Miracles have officially folded.
Three business leaders in Greater Moncton have become the principal owners of a new club called the Moncton Magic.
Entrepreneurs Jon Manship, David Booth and Jeremy Milburn have signed an agreement with the National Basketball League of Canada
The Moncton Coliseum will be the home court for the Moncton Magic who will join the league next season.
More announcements about the team are expected in the coming weeks.
