New Orleans Hornets' owner George Shinn ready to sell team to local billionaire businessman Gary Chouest

Saintswrath · 04-08-2010, 09:43 AM

There were any number of ironies that presented themselves on Wednesday night at New Orleans Arena as the New Orleans Hornets continued playing out the string of their losing season against the Charlotte Bobcats.

The owner’s court-side chair, recently re-occupied by majority owner George Shinn who returned a week and a half ago disease-free after January surgery on his cancerous prostate gland, was being used by someone else as Shinn had a previous engagement.
Chouest purchased his one-quarter interest in the team in July 2007, the summer the team returned to New Orleans, for $62 million and could likely pay Shinn close to an additional $200 for Shinn’s remaining 75 percent making the total purchase price likely greater than $260 million, sources said.

New Orleans Hornets' owner George Shinn ready to sell team to local billionaire businessman Gary Chouest | - NOLA.com

INFO ON CHOUSET

He owns the vessel service company Edison Chouest Offshore in Baton Rouge.. He's also part owner of various other companies and has a huge stake in oil..

His company expanded 2 years ago and increased 2000 jobs in Louisiana.. The man is bankin!!!.. And the Ownership of the hornets is just going to probably be his lil fun on the side thing..
He's shown to be very generous with his employee's.

04-08-2010, 09:43 AM	#1
Saintswrath +Mod Join Date: Oct 2005 Location: Between 504 & 813 Posts: 1,776 Blog Entries: 4	New Orleans Hornets' owner George Shinn ready to sell team to local billionaire businessman Gary Chouest There were any number of ironies that presented themselves on Wednesday night at New Orleans Arena as the New Orleans Hornets continued playing out the string of their losing season against the Charlotte Bobcats. The owner’s court-side chair, recently re-occupied by majority owner George Shinn who returned a week and a half ago disease-free after January surgery on his cancerous prostate gland, was being used by someone else as Shinn had a previous engagement. Chouest purchased his one-quarter interest in the team in July 2007, the summer the team returned to New Orleans, for $62 million and could likely pay Shinn close to an additional $200 for Shinn’s remaining 75 percent making the total purchase price likely greater than $260 million, sources said. New Orleans Hornets' owner George Shinn ready to sell team to local billionaire businessman Gary Chouest \| - NOLA.com INFO ON CHOUSET He owns the vessel service company Edison Chouest Offshore in Baton Rouge.. He's also part owner of various other companies and has a huge stake in oil.. His company expanded 2 years ago and increased 2000 jobs in Louisiana.. The man is bankin!!!.. And the Ownership of the hornets is just going to probably be his lil fun on the side thing.. He's shown to be very generous with his employee's.
	Last edited by Saintswrath; 06-02-2010 at 10:49 AM..