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5
Jan
San Jose Hornets?
Rumors are that Ellison may be interested in buying the NO Hornets from the NBA and moving them to San Jose. The Warriors may have some agreement with the NBA to receive $100M+ if another team moves to the Bay Area.
Forbes reported Wednesday that Ellison, who is worth $27 billion, could buy the Hornets and move the team to San Jose. One reason why Golden State sold for a record NBA price is that the new owners could get from $100-$150 million from an owner bringing a second team to the Bay Area, a source told Forbes.Read more: http://www.sfgate.com/cgi-bin/blogs/warriors/detail?entry_id=80410#ixzz1ADgc7e3Z
This would certainly be an interesting twist for the Warriors and a new Bay Area rivalry, but I think it would depress me to have Ellison own a team in the Bay Area and always wonder what could have been.
