NBA Well on Its Way to Purchasing New Orleans Hornets

by Sam Amick

Filed under: Hornets, NBA Rumors, Sports Business and Media

The NBA is in the advanced stages of a plan to purchase the New Orleans Hornets from George Shinn until a new owner can be secured, according to a source with knowledge of the discussions.

The source told FanHouse on Friday that they were under the impression this unprecedented transfer would be "coming down soon" and that the NBA had already pegged individuals who would run the franchise temporarily. On Sunday, the source confirmed an SI.com report that Jac Sperling, a vice chariman of the NHL's Minnesota Wild and New Orleans native who is also a sports attorney, would run the organization.

And once again, the future of basketball down on the Bayou is in question.

 

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Source: http://nba.fanhouse.com/2010/12/04/nba-well-on-its-way-to-purchasing-new-orleans-hornets/

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