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New Orleans-based attorney Morris Bart interested in minority share of Hornets

this is a discussion within the Pelicans Community Forum; New Orleans-based attorney Morris Bart said he is interested in purchasing a 10-percent minority share of the New Orleans Hornets if the NBA can find a local majority investor. Bart has been a corporate partner with the franchise for the ...

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Old 12-08-2010, 03:31 PM   #1
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New Orleans-based attorney Morris Bart interested in minority share of Hornets

New Orleans-based attorney Morris Bart said he is interested in purchasing a 10-percent minority share of the New Orleans Hornets if the NBA can find a local majority investor.

Bart has been a corporate partner with the franchise for the past five seasons and said he wants to help to keep the team in New Orleans.

The NBA purchased the Hornets from owners George Shinn and Gary Chouest on Monday and is aiming to find local ownership to keep the franchise in New Orleans.

"I grew up in New Orleans and I went through the bitterness of the Jazz pulling out and leaving New Orleans,'' Bart said. "I would like to do my part to save the new generation of kids from having to go through that same experience. I'm living here and I think the team has to have local ownership. You've got to have a big fish that can come in and buy 50 percent and then the minority investors can follow along. I feel the NBA strongly wants to keep the team in New Orleans.''

Bart said he knows two other potential investors from New Orleans that are interested in joining him with a minority stake.
Read the full article at NOLA.com...
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Old 12-08-2010, 03:40 PM   #2
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Old 12-08-2010, 03:46 PM   #3
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Old 12-08-2010, 04:35 PM   #4
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