Yankees Look To Refinance $1B In Debt Twins Restructuring Baseball Operations Mets Shift Promotional Philosophy Kendrick To Blame For D-backs' Struggles? Hope Solo's Future With NWSL Club In Doubt Domain Registration Hints At Vegas NHL Team Name Coyotes Keep Collecting Dead Contracts Yard Goats May Get Moved If Ballpark Is Not Ready Mara Defends Giants' Decision To Re-Sign Brown Sabres Introduce Dynamic Ticket Pricing
SBD/January 7, 2011/Franchises
NBA Not Ready To Begin Hornets Talks With New Orleans Groups
Published January 7, 2011
|Gary Chouest still interested in|
buying Hornets from the NBA
TRYING TO MAKE IT WORK: In L.A., Jim Peltz notes NBA Commissioner David Stern's "stated goal is to stabilize the Hornets and then find new owners" to keep the team in New Orleans, but the "question is whether the NBA needs" the city. Hornets President Hugh Weber said, "Right now we are pedal down to make it work." Since the NBA bought the team last month, "no outside offers to buy the Hornets have surfaced publicly." However, Oracle CEO Larry Ellison on Wednesday claimed that he "offered $350 million to buy the team but was outbid by the NBA." New Orleans Mayor Mitchell Landrieu said, "I feel very comfortable that the NBA is committed to keeping a team in New Orleans. There's always a chance that you can lose the team, so I think people can't take it for granted" (L.A. TIMES, 1/7).