A person familiar with negotiations says talks over the possible sale of the NBA's New Orleans Hornets between majority owner George Shinn and minority owner Gary Chouest have reached an "impasse" and that Shinn now wants to speak with other possible buyers.
Shinn's preference is to deal only with investors who want to keep the Hornets in New Orleans. Shinn and Chouest have yet to publicly discuss the sale.
Shinn, who underwent recent treatment for prostate cancer, has said he wants to focus more on his charity work, his faith and write a book.
Chouest, who bought 25 percent of the club in 2007, owns a Louisiana company that builds and operates boats for the offshore energy industry.
Obviously, more when we know more, but...
The HQ would like to remind everyone about the last time Shinn got a wild hair up someplace and decided he didn't like where he was...
((HT: d4w4c4/NBA))
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