George Shinn

Larry Ellison says he tried to buy Hornets

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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 [more]

Expect the Bobcats to stay the Bobcats

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At his very first press conference as owner, Michael Jordan was asked about changing the name Bobcats. There are some in Charlotte who despise that name — former owner Bob Johnson picked it and the feeling is he was naming the team after himself. Jordan said he was open to the idea, but that it [more]

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

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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 [more]

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

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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 [more]

The Hornets are deep in debt – congrats on the purchase David Stern

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You knew if the New Orleans Hornets were making money George Shinn would not have been trying to sell the team (he would have done a Donald Sterling and run a team poorly for profit as long as he could). But the leaked financials of the New Orleans Hornets painted a bleak picture, team where [more]