The Stallions' first head coach was Kyle Macy, a former Kentucky Wildcats three-time All-American college basketball player.

Based in Lexington, Kentucky, the Stallions began playing at the indoor arena at the Kentucky Horse Park,[1] but moved home games in January 2010 first to Corbin, KY and then to Lexington Christian Academy high school gymnasium due to conflicts with Horse Park management.

[4] After the season, the Stallions attempted to form the Basketball Federation of America after a dispute with the ABA, where Stallions then-owner Tony Chase stated "The ABA will still exist, but I do not intend to be a part of that disorganized league next year.

"[5] However, Chase sold his interest in the team to his partners, joined the PBL as CEO[6] and the Stallions went with him to the new league.

[8] On 19 April 2011, in a post on the forums about basketball at the "Our Sports Central" website, a poster who had previously been identified as the Bluegrass Stallions's Tony Chase stated that the Stallions had formally withdrawn from the league privately earlier.