Saturday, December 4th, 2010 at 10:58 am  |  13 responses

Report: NBA Considers Buying Hornets

With Hornets minority owner Gary Chouest backing out, NBA basketball in New Orleans just took a big blow. A tough pill to swallow for Hornets fans. From The Times Picayune: “The New Orleans Hornets could become the first franchise owned and operated by the NBA because of minority owner Gary Chouest’s reluctance to purchase George Shinn’s majority share. Sources indicated Friday night that Chouest does not think he can devote the needed time to run an NBA franchise and operate his private business. With Chouest’s withdrawing his potential offer to purchase the franchise, the NBA is considering buying Shinn’s share before seeking a buyer or a group of investors willing to keep the team in the Crescent City.”

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  • slamfan4life

    WOA this is nuts, with the NBA backing them up…..they will never lose!

  • Hammer

    If I’m a sonics fan,I’m pissed off @ this s**t. Matter of fact,I’m pissed off 4 all sonics fans. The nba let the sonics go. Didn’t bother 2 intervene whatsoever. But NOW they r considering this 2 keep the hornets n new orleans? Where were ya’ll 4 the sonics!? This is infuriating. And even more so if they actually go thru w/this. Shakin my head n disgust!

  • Bill Sunday

    I cosign with slamfan4life. this sh*t is whack. david stern spit in our face but he wants to keep the hornets in new orleans? wow this is crazy

  • http://www.twitter.com/gerardhimself Gerard Himself

    odd, never heard anything like this.

  • http://slamonline.com The Black Rick Kamla

    gotta keep the team in NO for the time being…if you just let it play the market it would go under

  • http://Slamonline.com Hossy

    Chris Paul doesn’t want to play for some broke a$$ team that won’t go over the luxury tax.

  • TrailBlazing&SportingLisbon

    cosign hammer

  • http://thetroyblog.com Teddy-the-Bear

    If the NBA buys the Hornets, the Hornets will go bankrupt. I mean, it’s not like the NBA is making more money than it’s ever made..

  • http://slamonline.com/ Ryne Nelson

    If the L owns the Hornets, I think they’ll move the franchise to a more profitable market.

  • Thegfunk

    Does business have social cultural obligations to fans and communites? Nope it is just about maximising profit.

  • wilz

    Vancouver!! LOL

  • http://bleacherreport.com/articles/532354-chris-paul-and-the-new-orleans-hornets-will-be-on-their-way-to-seattle-next-year David Macias

    This link gives me hope for Seattle fans…

  • http://www.need4sheed.com Tarzan Cooper

    Ryne missed where it says they want to keep the team there. Sonics fans have beef if this happens.