Tuesday, December 14, 2010

New Owners For Hornets...???

((HT: WWL-TV))

Monday, New Orleans attorney Morris Bart made an offer to buy 10 percent of the team. Bart said former minority owner Gary Chouest, who passed on buying the team outright, is still interested in the franchise.

"You have to have the major investor and hopefully that would be Gary Chouest who has expressed to me in the last few days that he is still interested," said Bart. "He's interested in acquiring more than 50 percent of the team."

But, remember, Chouest was interested, but not under current terms put out by George Shinn and/or the NBA.

Bart and a group of local investors would buy the minority share of the team...

The current lease agreement expires in 2014...
Paul Murphy explains...

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