San Jose Hornets!

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Posts: 1119
» Thu Jan 06, 2011 5:13 pm

San Jose Hornets?
Snubbed in his bid to buy the Warriors when the franchise was sold to Peter Guber and Joe Lacob in July for $450 million, Oracle Corp. CEO Larry Ellison has now set his sights on buying the New Orleans Hornets.

Forbes reported Wednesday that Ellison, who is worth $27 billion, could buy the Hornets and move the team to San Jose. One reason the Warriors sold for a record NBA price is that the new owners could get $100 million-$150 million from an owner bringing a second team to the Bay Area, a source told Forbes.

The Hornets, who were bought by the league for $310 million last month, have a lease at the New Orleans Arena that expires in 2014. The franchise is enduring big losses and low attendance and could be moved to a market with better demographics and more corporate sponsor opportunities.

If Ellison moved the team to San Jose, he could immediately share a building with the Sharks. San Jose would also offer plenty of sponsorship revenue and an increased TV market that would boost media revenue.

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Posts: 2442
» Thu Jan 06, 2011 7:23 pm
Are you gonna switch a team then? ::razz:
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Posts: 22181
» Fri Jan 07, 2011 2:35 am
In a way I'm all for it. That franchise needs to improve financially obviously and if a move to northern california works, it is a viable move
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Posts: 1119
» Sat Jan 08, 2011 12:36 am
Guybrush wrote:Are you gonna switch a team then? ::razz:

Nah I'll always be a warrior fan, but that may be my #2 team.

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