Click here to Skip to main content

AP source: Hornets sale talks reach 'impasse'

Posted Apr 23 2010 4:30PM

NEW ORLEANS (AP) -- A person familiar with negotiations says Hornets sale talks between George Shinn and minority owner Gary Chouest have reached an "impasse" and that Shinn now wants to speak with other possible buyers.

Shinn's preference is to deal only with investors who want to keep the Hornets in New Orleans, the person told The Associated Press Friday, speaking on the condition of anonymity because Shinn and Chouest have yet to publicly discuss the sale.

Shinn, who underwent recent treatment for prostate cancer, has said he wants to focus more on his charity work, his faith and write a book. Chouest, who bought 25 percent of the club in 2007, owns a Louisiana company that builds and operates boats for the offshore energy industry.

photoKaminsky Score 19
Frank Kaminsky scores 19 points in Summer League debut.
photoHornets vs. Thunder
Frank Kaminsky scores 19 points in summer league debut but Hornets lose to the Thunder 76-74.
photoPostgame: Frank Kaminsky
Hornet's rookie Frank Kaminsky joins NBA TV to talk about his solid NBA debut.
photoBarry on Aldridge
Brent Barry discusses LaMarcus Aldridge joining the San Antonio Spurs.
photoKevin Durant Interview
Kevin Durant joins NBA TV in Orlando to talk about his foot progress and new coach Billy Donovan.

Copyright © NBA Media Ventures, LLC. All rights reserved. No portion of may be duplicated, redistributed or manipulated in any form. By accessing any information beyond this page, you agree to abide by the Privacy Policy / Your California Privacy Rights and Terms of Use. | Ad Choices Ad Choices is part of Turner Sports Digital, part of the Turner Sports & Entertainment Digital Network.