Top Menu

New Orleans ownership group emerging

New Orleans HornetsA potential Louisiana-based ownership group for the New Orleans Hornets is emerging, as locals work to keep the NBA franchise in New Orleans Arena despite interest from other cities.

The group could include local attoney Morris Bart and current minority owner Gary Chouest, who now says he could up his stake in the team from 35 percent to more than 50. Local politicians have been beating the bushes both for more investors and companies to buy blocks of tickets; if the team averages more than 14,883 for their next 12 home games the average attendance will be upped to the point that the team cannot exercise a buyout of the lease.

RELATED STORIES: Jindal swats down talk of state subsidies for Hornets; Stern confirms NBA takeover of Hornets; NBA close to buying Hornets

Sign up for the free weekly Arena Digest newsletter and keep up with the latest happenings! You can sign up here.

We’re on Facebook!

Follow Arena Digest updates on Twitter!

, , , , , , , , , ,