George Shinn

David Stern’s New Orleans public relations problem

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CNBC’s sports business reporter Daren Rovell has posted laundry list of why it is a bad idea for the NBA to have taken over ownership of the New Orleans Hornets. David Stern says they plan to make a profit, but Rovell notes that right now the value of franchises is not rising and the lockout [more]

NBA confirms it is buying Hornets; players shrug.

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The NBA finally officially confirmed Monday what had been reported for days — the league is going to take over operations of the New Orleans Hornets in the coming days. George Shinn will sell the team to the NBA — meaning the other owners will put up the money to buy him out — then [more]

League takeover of Hornets to come by Wednesday

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It comes down to this: owner George Shinn is out of money he will spend to run the New Orleans Hornets and he can’t find a buyer. The league is going to step in and step in soon — both ESPN and Sports Illustrated are reporting the league could take over operations of the team [more]

The NBA may buy the Hornets. Yes, the situation is that bad.

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Okay, so a lot’s happened in the last 24 hours (most of which actually happened last week, but we’ll get to that) with the ownership situation in New Orleans. The world is much different than it was two days ago. In short, the NBA is closing in on the purchase of the New Orleans Hornets [more]

Hornets attendance slump could let them break lease, move

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Wins or not, Chris Paul or not, getting people to come to New Orleans Hornets games has not been easy. Frankly, it wasn’t easy when the team was the Jazz and Pistol Pete putting on the show. Today little has changed. The current downward slump in attendance will trigger a clause in the Hornets current [more]