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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 […]

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Hempstead fails to approve Lighthouse project; will Wang be forced to move Islanders?

The impasse over Charles Wang’s proposal for a large development surrounding Nassau Coliseum has been broken by the town of Hempstead — but Hempstead is essentially vetoing the project, and Wang’s plans to subsidize an arena makeover with development money may finally be dead. The background: New York Islanders (NHL) owner Wang has proposed a […]

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