Top Menu

Tag Archives | david stern

Stern confirms NBA takeover of Hornets

NBA Commissioner David Stern made it official today: the NBA will indeed move ahead with a purchase of the New Orleans Hornets from George Shinn and Gary Chouest, giving the league power over where the team ends up. No word on what the NBA is paying (though Stern did say the franchise is worth $300 […]

Continue Reading

NBA close to buying Hornets

In an unprecedented move, the National Basketball Association is close to buying the New Orleans Hornets in an attempt to keep the team afloat after a sale of the team to Gary Chouest fell through. George Shinn wants out, and he was slated to sell his 65 percent of the team for $300 million to Chouest, […]

Continue Reading

Leonsis take over Wizards

It is the end of the Pollin era in Washington, as Ted Leonsis takes over total control of the Washington Wizards and the Verizon Center, giving him the bookend NHL and NBA teams as well. Leonsis, who made his fortune when AOL was the dominant online service in the world, agreed on May 1 to […]

Continue Reading