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12-06-2010, 07:42 PM
NEW ORLEANS (AP)âNBA Commissioner David Stern confirmed on Monday that the league is proceeding with its plan to buy the New Orleans Hornets from majority owner George Shinn and minority owner Gary Chouest.
Shinn has been trying since last spring to sell the team to Chouest, but those negotiations stalled.
âGeorge Shinn has been an exceptional owner for New Orleans and Gary Chouest has been extraordinarily supportive as a minority owner,â Stern said. âHowever, in light of the uncertain economic situation in New Orleans and Louisiana, Gary has decided not to move forward with the purchase of Georgeâs majority interest.
Is this good or bad for the League?
Shinn has been trying since last spring to sell the team to Chouest, but those negotiations stalled.
âGeorge Shinn has been an exceptional owner for New Orleans and Gary Chouest has been extraordinarily supportive as a minority owner,â Stern said. âHowever, in light of the uncertain economic situation in New Orleans and Louisiana, Gary has decided not to move forward with the purchase of Georgeâs majority interest.
Is this good or bad for the League?
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Messages In This Thread
League takes over of Hornets! - by Wildcatk23 - 12-06-2010, 07:42 PM
League takes over of Hornets! - by zaga_fan - 12-07-2010, 06:04 PM
League takes over of Hornets! - by Amun-Ra - 12-07-2010, 06:47 PM
League takes over of Hornets! - by Stardust - 12-07-2010, 07:05 PM
League takes over of Hornets! - by LWC - 12-07-2010, 07:21 PM
League takes over of Hornets! - by TidesHoss32 - 12-07-2010, 09:31 PM
League takes over of Hornets! - by Wildcatk23 - 12-07-2010, 10:13 PM
League takes over of Hornets! - by Aslan - 12-07-2010, 10:25 PM
League takes over of Hornets! - by zaga_fan - 12-07-2010, 10:28 PM
League takes over of Hornets! - by Amun-Ra - 12-07-2010, 10:50 PM
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