One of the big questions that might be answered soon is whether the New Orleans Hornets are ready to sell the team to a local ownership group, rumoured to include local billionaire Gary Chouest. It’s been somewhat of a non-issue the past few months, what with the lockout and all of that, but I thought we should revisit it because it does appear to be a near formality for the most part.
Once a new CBA is there ready to be signed, expect the NBA’s front office to turn their attention to selling the Hornets. There is a lot that needs to be done in order to sell the team, mainly a vote by the Board of Governers. Lord knows they have their hands full at the moment.
How close are we to achieving a deal? I’d say a few months away. To me it comes down to two scenarios that may either accelerate or dim the pace of a sale. If Chris Paul remains on the team and the team resigns both West, Landry and another free-agent, expect an announcement soon after that. If however the Hornets can’t do any of the aforementioned things, then blowing up the roster and starting anew with a new owner next offseason might be a better alternative.
Yes this is speculation, but with the way things have gone you have to say that it’s nearing time to bring in a new Ownership group, one not run by the NBA and one willing to build for championships in the State of Louisiana.