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![locked post](https://www.tigerdroppings.com/images/layout/lock.gif)
Okay, About Ownership
Posted on 2/28/11 at 1:53 pm
Posted on 2/28/11 at 1:53 pm
I hate posting anything I've heard anymore because of the couple of tools that always give me grief. But, frick it, I'll share some info that I think is positive. This is based on three separate casual conversations in the last week. None of it's news, per se, but the info is current if you know what I mean.
Apparently, Gary Chouest remains very much interested in buying a majority ownership interest in the team. Buddy Bart is solid for another 10% (he's made no secret of this). Conversations are ongoing with the state in terms of arena upgrades and a new lease. Chouest is "very active with the team and the state when it comes to the Hornets" . . .what that means I'm not sure. That's just the way it was expressed to me in a five minute conversation. By the way, I was also told by someone else who's connected with the league that if Chouest buys the team, he will be one of the three wealthiest owners in the NBA. I'd never thought about that.
Confidence is very high that the 10,000 season ticket target will be met. They're ahead of schedule.
Timing of any announcement regarding ownership is interesting. I wouldn't expect to hear much until the end of the season. Maybe the summer?
Only bummer is that there's a lot of uncertainty as to what CP3 will do. But that's par for the course.
Okay, that's it. Only reason I posted is that I feel good about local ownership happening. Take your shots.
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
Apparently, Gary Chouest remains very much interested in buying a majority ownership interest in the team. Buddy Bart is solid for another 10% (he's made no secret of this). Conversations are ongoing with the state in terms of arena upgrades and a new lease. Chouest is "very active with the team and the state when it comes to the Hornets" . . .what that means I'm not sure. That's just the way it was expressed to me in a five minute conversation. By the way, I was also told by someone else who's connected with the league that if Chouest buys the team, he will be one of the three wealthiest owners in the NBA. I'd never thought about that.
Confidence is very high that the 10,000 season ticket target will be met. They're ahead of schedule.
Timing of any announcement regarding ownership is interesting. I wouldn't expect to hear much until the end of the season. Maybe the summer?
Only bummer is that there's a lot of uncertainty as to what CP3 will do. But that's par for the course.
Okay, that's it. Only reason I posted is that I feel good about local ownership happening. Take your shots.
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
Posted on 2/28/11 at 1:55 pm to VOR
I take it with a grain of salt but thanks for posting.
Posted on 2/28/11 at 2:00 pm to VOR
quote:
By the way, I was also told by someone else who's connected with the league that if Chouest buys the team, he will be one of the three wealthiest owners in the NBA.
So he's worth more than $6 billion then? I never considered that, but I guess it's possible.
Posted on 2/28/11 at 2:02 pm to TulaneTigerFan
quote:
So he's worth more than $6 billion then? I never considered that, but I guess it's possible.
I honestly have no idea, personally.
ETA: I was confident he was a billionaire but had no idea he would be in the 5 to 6 billion range. As I say, I don't really know.
This post was edited on 2/28/11 at 2:06 pm
Posted on 2/28/11 at 2:04 pm to TulaneTigerFan
quote:
So he's worth more than $6 billion then? I never considered that, but I guess it's possible.
I know one thing the guy has stupid money!!
Posted on 2/28/11 at 2:10 pm to cajuntiger07
Do you have anything from the trade deadline?
Posted on 2/28/11 at 2:11 pm to VOR
quote:
Confidence is very high that the 10,000 season ticket target will be met. They're ahead of schedule.
Well then they are eeven more confident now becasue I just renewed my 6 tix 5 minutes ago.
Posted on 2/28/11 at 2:13 pm to Tigersfan
Good news. Pretty much what I thought. If we do lose CP at least we won't have a penny pinching owner like Shinn was.
Posted on 2/28/11 at 2:54 pm to tigerbaittrick
Good info.
Everything I've heard is that Chouest has had every intention of becoming majority owner at some point, but the NBA basically convinced him and others it would be in everyone's best interest if they bought the team. They could then use it in CBA negotiations, and Chouest would buy the team once that's all over.
He's just waiting it out at this point.
Everything I've heard is that Chouest has had every intention of becoming majority owner at some point, but the NBA basically convinced him and others it would be in everyone's best interest if they bought the team. They could then use it in CBA negotiations, and Chouest would buy the team once that's all over.
He's just waiting it out at this point.
Posted on 2/28/11 at 2:56 pm to Fun Bunch
quote:
He's just waiting it out at this point.
That is my feeling 100%.
Posted on 2/28/11 at 3:13 pm to TulaneTigerFan
quote:No doubt! He has a monopoly on suppy ships in the GOM and around the world.
So he's worth more than $6 billion then?
Posted on 2/28/11 at 3:18 pm to VOR
So what floating % might Chouest be in for? 51% or like 60-70%? Obviously, with Bart at 10%, what void are we looking to fill? Huge difference in finding minority ownership ranging from 20-39% here.
Posted on 2/28/11 at 5:07 pm to Chad504boy
I read somewhere that he wants to own no more than 51%.
This post was edited on 2/28/11 at 6:38 pm
Posted on 2/28/11 at 5:13 pm to bigberg2000
he does own the biggest privately owned company and yes he is worth 6 billion
Posted on 2/28/11 at 6:07 pm to bigberg2000
quote:
I read somewhere that he wants to own no more that 51%.
That's what I've been told from the very beginning. But who knows? If it takes purchasing a few extra points maybe he'll do it.
Posted on 2/28/11 at 6:45 pm to Fun Bunch
quote:
He's just waiting it out at this point.
Respectfully disagree.
Chouest played footsy all summer long with Shinn/Stern. Stern met with him in August to close the deal. Gary was hesitant. It appeared to Stern that he was delaying to drive down the team's value and have a cheaper purchase. At this point the league stepped in to protect the value of the franchise.
Maybe he has since changed his mind. I'll see what I can find out.
Posted on 2/28/11 at 6:54 pm to corndeaux
quote:
Maybe he has since changed his mind. I'll see what I can find out.
Yeah, you do that
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