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George Shinn

Hornets Owner Seeks Investors

POSTED: 7:25 pm CST December 20, 2005
UPDATED: 7:55 pm CST December 20, 2005

The NBA and the New Orleans/Oklahoma City Hornets have not yet decided where the team will play its games next season -- a decision expected to come by February.

More Hornets | Video: Not Just Oklahoma | Video: A Hornets' Nest Of Gift Ideas

However, there have been reports that owner George Shinn plans to solicit local business people about being possible investors in the team.

Shinn said he has been seeking investors since he bought out Roy Wooldridge's 35 percent share of the team last year.

"Before I left New Orleans, I bought out my partner over a year ago and I was looking to retire that debt and to find investors," Shinn said Tuesday at the City Rescue Mission, where the team was distributing shoes to homeless people.

"I like to have investors. I like to have people I can consult with, talk to, get advice from because it does get lonely at the top when you're by yourself making multimillion dollar decisions."

Shinn disputed a report that he was seeking investors specifically from the Oklahoma City area, saying instead that they could come from anywhere.

"I'm looking for investors, not necessarily in Oklahoma, but all over the country," Shinn said. "There's people all over the country that are interested in investing."

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