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Started By
Message
umm could this be the reason the Hornets havent completed the sale
Posted on 7/14/10 at 10:48 am
Posted on 7/14/10 at 10:48 am
An investment group seeking to build an arena on the Las Vegas Strip claims it is on the cusp of purchasing an NBA team to play in the facility.
For the deal to go through, said Chris Milam, CEO of International Development Management LLC, the group must strike a deal with the county to fund construction of the arena — dubbed the Silver State Arena — slated for the old Wet ’n Wild water park site.
“We have an NBA team under contract,” Milam said, declining to name the franchise. But the deal will take effect only if “other pieces of the puzzle fall into place: One of those pieces will be that a building (arena) is approved,” he said.
LINK
For the deal to go through, said Chris Milam, CEO of International Development Management LLC, the group must strike a deal with the county to fund construction of the arena — dubbed the Silver State Arena — slated for the old Wet ’n Wild water park site.
“We have an NBA team under contract,” Milam said, declining to name the franchise. But the deal will take effect only if “other pieces of the puzzle fall into place: One of those pieces will be that a building (arena) is approved,” he said.
LINK
7
Posted on 7/14/10 at 10:49 am to LSUMJ
(no message)
This post was edited on 3/31/23 at 10:42 am
Posted on 7/14/10 at 10:59 am to LSUMJ
Clippers
Posted on 7/14/10 at 11:00 am to Chad504boy
quote:
Grizzlies
Huge buyout of lease, unlikely
Posted on 7/14/10 at 11:06 am to LSUMJ
Everything points to the Chouest deal still being on. First, Shinn continues to prominently mention Chouest where he doesn't have to, both in the Chris Paul "Not Trading Him" release to yesterday's comments about Bower and finding a new GM. 2nd all of the press is talking as if the deal is still on track. 3rd, Chouest's buy out clause was a poison pill designed to make it hard for the team to be sold or moved, plus there is the state penalties for breaking the lease. The Hornets are probably not the cheapest team available to outsiders right now.
This post was edited on 7/14/10 at 11:07 am
Posted on 7/14/10 at 11:06 am to Lloyd Christmas
Vegas? How are the Kings not the first team anyone immediately thinks of?
Posted on 7/14/10 at 11:08 am to kfizzle85
quote:
Vegas? How are the Kings not the first team anyone immediately thinks of?
You are right, the Kings are the most available and owned by the Maloofs. No brainer
Posted on 7/14/10 at 11:08 am to kfizzle85
quote:
How are the Kings not the first team anyone immediately thinks of?
Sale of franchise... Maloofs aren't selling.
Posted on 7/14/10 at 11:11 am to Chad504boy
Pacers
Posted on 7/14/10 at 11:15 am to Chad504boy
Could the Maloof brothers be part of the investment group and aren't being named?
Posted on 7/14/10 at 11:15 am to kfizzle85
quote:
Kings
First thing in my mind with the Maloofs
Posted on 7/14/10 at 11:19 am to The Cable Guy
Las Vegas Lakers.
Posted on 7/14/10 at 11:25 am to Fun Bunch
quote:
Las Vegas Lakers
That's silly. Las Vegas doesn't have a lake worth mentioning. I'm gonna quit reading this board and go back to listening to my Louis Armstrong Live in Utah album.
Posted on 7/14/10 at 11:27 am to LSUMJ
WAIT.
NBA team in Las Vegas?
That doesn't sound fishy or anything...
NBA team in Las Vegas?
That doesn't sound fishy or anything...
Posted on 7/14/10 at 11:29 am to LSUMJ
Mayor Nagin: "Give us the 'Cleveland Plan'"
Posted on 7/14/10 at 11:36 am to GuruGeaux
quote:
That's silly. Las Vegas doesn't have a lake worth mentioning. I'm gonna quit reading this board and go back to listening to my Louis Armstrong Live in Utah album.
Bottom right.
Posted on 7/14/10 at 11:45 am to Chad504boy
quote:
Sale of franchise... Maloofs aren't selling.
Without knowing the details, that may be semantical. It could be a "sale" to a holdco that is owned by the Maloofs, no one has any idea. Personally, I'm not believing any of this story right now to begin with.
Posted on 7/14/10 at 12:45 pm to kfizzle85
I think any NBA team that moved to Las Vegas should be required to take on the "Wet n' Wild" name.
Posted on 7/14/10 at 12:55 pm to LSUMJ
Pro Basketball Talk says that the Pistons are up for sale and that the Warriors are close to having a new owner in addition to the Hornets.
The Pacers had been rumored before they cut a deal with Indianapolis.
The Pacers had been rumored before they cut a deal with Indianapolis.
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