The 1969–70 Kentucky Colonels season was the third season of the Colonels in the American Basketball Association. On April 15, 1969, the Colonels were bought by a group of Louisville investors that included H. Wendell Cherry, Bill DeWitt, J. David Grissom, Stuart P. Jay, David A. Jones, John Y. Brown Jr. and Mike Storen.[1] The Colonels won their first ever playoff series, beating the New York Nets 4 games to 3. In the Eastern Division Finals. with the chance to go to the ABA Finals, they lost to the eventual champion Indiana Pacers 4 games to 1.