Read + Write + Report
Home | Start a blog | About Orble | FAQ | Blogs | Writers | Paid | My Orble | Login

NBA takes over New Orleans Hornets

December 7th 2010 00:39
The National Basketball Association (NBA) commissioner David Stern confirmed on Monday that the league will buy the New Orleans Hornets. Majority owner George Shinn had been trying to sell the team to minority owner Gary Chouest but the talks have failed. Now the NBA has jumped in to save the franchise. Stern is appointing Jac Sperling to run the team until a more permanent owner is in place. Sperling is an sports attorney and vice chairman of the NHL's Minnesota Wild.

The NBA Board of Governors will vote on the matter next week. Don't see the Board differing from the commissoner here.


The NBA has valued the Hornets franchise in the excess of $300 million. The Hornets are 13-7 on the season. New coach Monty Williams had the team 11-1 before the teams recent slide.
79
Vote

   
subscribe to this blog 


   

   

[ Link ]
Posted By: gpike - Category: No Category
Related Posts:

Comments
1 Comments. [ Add A Comment ]

Comment by Joe Soriano

December 7th 2010 05:18


Pro Sports Wrap
Orble Sport Blog
This is an important move, it has to be done or else this franchise could go defunct. Current owner George Shinn cannot find the money to run the team, or the buyers to control it. This certainly means that Paul is staying to keep potential buyers interested to show that there is a big name star that all owners love and a face of the franchise. I hope the Hornets don't have to move out of the Bayou, but that could happen.

Add A Comment

To create a fully formatted comment please click here.


CLICK HERE TO LOGIN | CLICK HERE TO REGISTER

Name or Orble Tag
Home Page (optional)
Comments
Bold Italic Underline Strikethrough Separator Left Center Right Separator Quote Insert Link Insert Email
Notify me of replies
Your Email Address
(optional)
(required for reply notification)
Submit
More Posts
May 2012
22 Posts
April 2012
20 Posts
March 2012
18 Posts
Older Posts
718 Posts dating from September 2006
Email Subscription
Receive e-mail notifications of new posts on this blog:
0
[ View Blog Summary ] [ Create A New Post ] [ Add A Comment ]

gpike's Blogs

10411 Vote(s)
43 Comment(s)
328 Post(s)
Moderated by gpike
Copyright © 2012 On Topic Media PTY LTD. All Rights Reserved. Design by Vimu.com.
On Topic Media ZPages: Sydney |  Melbourne |  Brisbane |  London |  Birmingham |  Leeds     [ Advertise ] [ Contact Us ] [ Privacy Policy ]