Quote:
Originally Posted by Resolute 14
Sometime last fall, the league put a deadline of the end of December 2010 to identify a potential owner. i.e.: if Glendale hadn't found anybody by that point, the league would have to consider other options. Glendale found Hulziser before that deadline.
I doubt the league has any interest in owning a team again. This was a very special case necessitated by what the league felt was a direct assault on it's ability to control how it does business.
Under normal circumstances, I think the league only takes over another team if the existing owner simply hands it back over.
|
I could see the NHL continuing the ownership with either Phoenix or Atlanta until the economy turns around or QC is ready. The NBA stepped in and bought the New Orleans Hornets when they couldn't find an owner.
Quote:
|
"George Shinn has been an exceptional owner for New Orleans and Gary Chouest has been extraordinarily supportive as a minority owner," said Stern. "However, in light of the uncertain economic situation in New Orleans and Louisiana, Gary has decided not to move forward with the purchase of George's majority interest although he was prepared to remain an investor in the team. In the absence of any viable purchaser seeking to own the Hornets in New Orleans, I recommended to the NBA Board of Governors that the best way to assure stability and the adequate funding of the franchise would be for the league to step in, and complete the transaction and assume control. The Hornets have a strong management team in Hugh Weber, Dell Demps, and Monty Williams and we have recruited Jac Sperling, a seasoned sports executive and New Orleans native, to be the team's chairman and governor, with Hugh serving as president and alternate governor. I have notified Governor Jindal and Mayor Landrieu about this transaction and will continue our dialogue with them about ways to strengthen the franchise for new ownership in New Orleans."
|
and this is a team with attendance around 14,000. I'm thinking it's getting hard to find owners anywhere with the bad economy, as sports teams are now a luxury.
http://www.nba.com/2010/news/12/06/hornets/index.html