The Charlotte/New Orleans Hornets May Be Moving Again...This Time its San Jose! - Sitcoms Online Message Boards

Brian Damage · 01-05-2011, 09:12 PM

Oracle CEO and billionaire Larry Ellison was rebuffed in his bid to buy the Golden State Warriors when the NBA franchise was sold to a group led by Peter Guber and Joseph Lacob in July for $450 million.

But a source tells me that one reason why Golden State sold for a record NBA price is that the new owners of the Warriors could get from $100 million to $150 million from an owner who wants to bring a second NBA team to the San Francisco area.

That is where the New Orleans Hornets, who were bought by the league for $310 million last month, come in. The Hornets lease at New Orleans Arena expires in 2014 and the franchise, suffering big losses and low attendance, needs to move to a market with better demographics and more corporate sponsors.

It makes perfect sense that Ellison, who is worth $27 billion and badly wants an NBA franchise, would buy the Hornets and move the team to San Jose. For starters, he could immediately share a building with the NHL’s Sharks. Also, San Jose is the third-largest city in California and the tenth-largest city in the U.S., so sponsorship revenue would no longer be a problem. And the San Francisco-Oakland-San Jose television market is the sixth-largest, which would provide a substantial increase in media revenue and make it possible to launch a regional sports network with other sports teams in the area.

My source says Ellison would be more than happy to pony up $450 million for the Hornets (including a relocation fee for the Warriors) given the improved economics for NBA teams that will be the result of the new collective bargaining agreement.

http://blogs.forbes.com/mikeozanian/...m-to-san-jose/

MrCleveland · 01-06-2011, 07:36 PM

Gilbert should move the Cavaliers to San Jose, there's a better future there than in Cleveland...and how about Seattle? What is the NBA going to do with Seattle?

Marvo301 · 01-06-2011, 08:59 PM

I've never seen a professional sports league that allows it's franchises to relocate as often as the NBA. I'm surprised they have any fan loyalty at all. I know that the NBA no longer has my loyalty after the Grizzlies moved from Vancouver to Memphis and the Seattle Sonics moved to Oklahoma City.

01-05-2011, 09:12 PM	#1
Brian Damage I'm Rich Bitch Forum Icon Join Date: Feb 03, 2002 Location: What Ain't No Country I Ever Heard Of...They Speak English in What? Posts: 63,107	The Charlotte/New Orleans Hornets May Be Moving Again...This Time its San Jose! Oracle CEO and billionaire Larry Ellison was rebuffed in his bid to buy the Golden State Warriors when the NBA franchise was sold to a group led by Peter Guber and Joseph Lacob in July for $450 million. But a source tells me that one reason why Golden State sold for a record NBA price is that the new owners of the Warriors could get from $100 million to $150 million from an owner who wants to bring a second NBA team to the San Francisco area. That is where the New Orleans Hornets, who were bought by the league for $310 million last month, come in. The Hornets lease at New Orleans Arena expires in 2014 and the franchise, suffering big losses and low attendance, needs to move to a market with better demographics and more corporate sponsors. It makes perfect sense that Ellison, who is worth $27 billion and badly wants an NBA franchise, would buy the Hornets and move the team to San Jose. For starters, he could immediately share a building with the NHL’s Sharks. Also, San Jose is the third-largest city in California and the tenth-largest city in the U.S., so sponsorship revenue would no longer be a problem. And the San Francisco-Oakland-San Jose television market is the sixth-largest, which would provide a substantial increase in media revenue and make it possible to launch a regional sports network with other sports teams in the area. My source says Ellison would be more than happy to pony up $450 million for the Hornets (including a relocation fee for the Warriors) given the improved economics for NBA teams that will be the result of the new collective bargaining agreement. http://blogs.forbes.com/mikeozanian/...m-to-san-jose/
	__________________ The Key to the Kingdom of Heaven: John 3:3 *Money Doesn't Buy Happiness...But I'd Rather Cry in My Private Jet*

01-06-2011, 07:36 PM	#2
MrCleveland Drew Carey from Hell Forum Star Join Date: Nov 10, 2007 Location: The City of Cleveland, in The State of Cleveland, in The United States of Cleveland Posts: 14,235	Gilbert should move the Cavaliers to San Jose, there's a better future there than in Cleveland...and how about Seattle? What is the NBA going to do with Seattle?
	__________________ Thank God for kids that love Obscure Things. Lee Hazlewood (1929-2007) You ARE Special to God! Rev. Ernest Angely (August 1921-May 2021)

01-06-2011, 08:59 PM	#3
Marvo301 I'm NOT a Blockhead! Forum Celebrity Join Date: May 17, 2002 Location: The Great White North Posts: 21,460	I've never seen a professional sports league that allows it's franchises to relocate as often as the NBA. I'm surprised they have any fan loyalty at all. I know that the NBA no longer has my loyalty after the Grizzlies moved from Vancouver to Memphis and the Seattle Sonics moved to Oklahoma City.
	__________________ Only a life lived for others is worth living. Albert Einstein A life isn't worth living unless it has impact on other lives. Jackie Robinson Be always at war with your vices, at peace with your neighbors, and let each new year find you a better man. Benjamin Franklin