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Hornets Sale

  1. California investors (and Mike Dunleavy Sr.) frontrunners to buy Hornets

    Feb 25, 2012, 2:17 PM EDT

    Mike Dunleavy

    Last week David Stern said he was close to having a buyer for the New Orleans Hornets — and getting a new lease with the state of Louisiana for the New Orleans Area — that would keep the team in the Crescent City. Those buyers are from Los Angeles not New Orleans based but they…

  2. Stern says sale of Hornets could be complete in few weeks

    Feb 22, 2012, 1:37 PM EDT

    Detroit Pistons v New Orleans Hornets

    In a lead up to All-Star Weekend, NBA Commissioner David Stern sat down with David Aldridge of TNT/NBA.com for an interview, one which covered everything from the level of play this season to Jeremy Lin. Because all NBA conversations must now by law include Jeremy Lin. But maybe the most interesting quote was when Stern…

  3. David West, Hornets reportedly nowhere near extension

    Jan 25, 2011, 2:32 PM EDT

    David_west

    Great news Hornets fans: Not only do you have to worry about losing your franchise player in Chris Paul in a couple of years — not to mention your entire franchise to some new, Clay Bennettesque  out-of-town owner — you can worry about losing David West as well. Sorry guys. The first round of Zantac…

  4. Hornets reach attendance benchmark, they are staying put. For now.

    Jan 24, 2011, 2:39 PM EDT

    San Antonio Spurs v New Orleans Hornets

    There has been a real push since the NBA took control of the New Orleans Hornets to boost attendance — the reason being to reach a benchmark, otherwise a new owner of the team (once they find one) could easily move the team out of New Orleans (well, still would have had to pay $10…

  5. Larry Ellison says he tried to buy Hornets

    Jan 6, 2011, 5:15 PM EDT

    Detroit Pistons v New Orleans Hornets

    Larry Ellison — founder of Oracle and one of the richest men walking the planet — lost out on his bid to buy the Golden State Warriors last year. (Actually, his bid might have won but it was submitted after the deadline.) He still wants an NBA team and recently tried to buy the New…

  6. Phil Jackson “not happy” about NBA ownership of Hornets

    Dec 29, 2010, 11:13 PM EDT

    Los Angeles Lakers v Sacramento Kings

    Phil Jackson seems to enjoy his status as “NBA grand philosopher” and uses that platform to lob verbal hand grenades into other franchises or the league offices for fun. Such as bringing up Stan Van Gundy in relation to the Heat or saying the league shouldn’t play on Christmas. The latest grenade was him questioning…

  7. It’s official: The Hornets are the league’s problem now

    Dec 20, 2010, 10:07 PM EDT

    Detroit Pistons v New Orleans Hornets

    The long-discussed NBA league purchase of the New Orleans Hornets got the final rubber stamp of approval when the Board of Governors — you know, the other owners, the ones footing the bill — agreed to purchase the team, the league announced today. It now falls to Jac Sperling to find a buyer while Hugh…

  8. Gary Chouest wants to keep Hornets in New Orleans, so long as he doesn’t have to buy team

    Dec 10, 2010, 10:13 PM EDT

    Detroit Pistons v New Orleans Hornets

    Gary Chouest was oh, so close to buying the New Orleans Hornets. He already had 25 percent and was going to buy out the rest from George Shinn. Then he got a better look at the $83 million in debt they had, or his business supplying vessels to the off-shore gulf oil industry took a…

  9. Despite the turmoil, Chris Paul isn’t thinking about moving on

    Dec 10, 2010, 10:56 AM EDT

    Houston Rockets v New Orleans Hornets

    The future of the New Orleans Hornets could not be cloudier right now. Might as well consult Ms. Cleo or Nostradamus’ quatrains for an answer as to where they will be in a couple years because their visions of the future are probably as clear as David Stern’s right now. Chris Paul could use this…

  10. Report: Yahoo reports co-founder not interested in buying Hornets

    Dec 9, 2010, 6:01 PM EDT

    hornetssale

    Yesterday rumors surfaced of David Filo — New Orleans native and insanely rich founder of Yahoo — was interested in buying the team and keeping them in the Big Easy. Not so fast. Yahoo officially denies that he is buying the team, according to Tom Ziller of SB Nation. A company spokesman denied the report.…

  11. NBA to Louisville? Another small market, great idea. But the city is trying.

    Dec 9, 2010, 2:21 PM EDT

    louisville_skyline_sunset_1

    I love Louisville. Birthplace of Muhammad Ali, best known for the cathedral that is Churchill Downs.  If you are there, go check out the Louisville Slugger Museum (you can’t miss it, big bat out in front), it is a fantastic trip through baseball history. And go eat at Jack Fry’s. But Louisville as home to…

  12. More bad financial news about Hornets, like every day that ends in “Y”

    Dec 9, 2010, 11:01 AM EDT

    Detroit Pistons v New Orleans Hornets

    This is starting to remind me of the bank bailouts, where once the government decided to help them out the depth of the morass just kept becoming clearer. The Hornets lost $18.24 million dollars in 2009-10, according to Jonathan Abrams at the New York Times Off The Dribble blog. And the numbers after this season…

  13. One Hornets sale rumor: Yahoo co-founder, Big Easy native David Filo

    Dec 8, 2010, 5:47 PM EDT

    hornetssale

    It will be the “running of the rumors” over the next months as the NBA looks to find someone to buy the New Orleans Hornets. Ideally someone from the city with deep pockets. Someone who wants to keep the team there and has the means to make that happen. Say, someone like Yahoo co-founder David…

  14. Hornets new head man Jac Sperling says it’s all about New Orleans

    Dec 8, 2010, 8:45 AM EDT

    new-orleans-hornets logo

    Jac Sperling was born in New Orleans. He gets the city. He has a good gumbo recipe. The NHL executive’s new job is heading up the Hornets. And he told the Associated Press it is all about keeping the Hornets in the Big Easy. If he can. “I grew up here. (David Stern) asked me…

  15. Sale of Hornets means Chris Paul isn’t going anywhere. For now.

    Dec 7, 2010, 9:51 AM EDT

    Miami Heat v New Orleans Hornets

    It was the first question out of a lot of people’s mouths after it became official that the NBA was purchasing and taking control of the New Orleans Hornets (until they can find another owner to take it off their hands): What does that mean for Chris Paul? That was quickly followed by Knicks fans…

  16. NBA confirms it is buying Hornets; players shrug.

    Dec 6, 2010, 4:52 PM EDT

    hornetssale

    The NBA finally officially confirmed Monday what had been reported for days — the league is going to take over operations of the New Orleans Hornets in the coming days. George Shinn will sell the team to the NBA — meaning the other owners will put up the money to buy him out — then…

  17. League takeover of Hornets to come by Wednesday

    Dec 5, 2010, 4:25 PM EDT

    Milwaukee Bucks v New Orleans Hornets

    It comes down to this: owner George Shinn is out of money he will spend to run the New Orleans Hornets and he can’t find a buyer. The league is going to step in and step in soon — both ESPN and Sports Illustrated are reporting the league could take over operations of the team…

  18. Report: NBA taps NHL executive to run Hornets

    Dec 5, 2010, 12:16 PM EDT

    new-orleans-hornets logo

    We told you yesterday that the sale of the New Orleans Hornets fell through — in part possibly because of the impending lockout — which has left the NBA with the unenviable task of taking over running the team until a new owner can be found. The takeover is apparently going to happen soon —…

  19. Chris Paul continues to say all the right things about New Orleans

    Sep 20, 2010, 2:42 PM EDT

    Ever since Chris Paul sat down with the management from the Hornets, he’s done nothing but say the right things. Maybe he is giving them a real chance. Maybe he realized he has little leverage now but will in a year (like Carmelo Anthony does now). Maybe he realized that his agent and people pushing…

  20. New Orleans Hornets sale reaches "impasse," could impact coaching search

    Apr 23, 2010, 5:08 PM EDT

    They are selling hope in New Orleans. Team personnel are speaking glowingly of the future as the team aggressively goes after name coaches. But a dark cloud has returned over the New Orleans Hornets franchise. The sale of the team, something considered basically a done deal, is now stalled. The Associated Press has he story:…

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