How Close Are The New Orleans Hornets To A New Owner?

Gary Chouest and other Local Owners seemed poised to take over

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.

Topics: Gary Chouest

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