Posted: Apr 8, 2010 2:51 PM by Letitia Walker
NEW ORLEANS (AP) - A person familiar with the situation says New
Orleans Hornets owner George Shinn is negotiating to sell his
majority stake in the NBA club to minority owner and Louisiana
native Gary Chouest.
Following Shinn's successful bout with prostate cancer, he wants
to focus on charitable work aimed at promoting early diagnosis and
treatment of cancer, the person told the Associated Press on
Thursday, speaking on the condition of anonymity because no
agreement has been signed.
Shinn, a 68-year-old self-made businessman who founded the
Hornets in 1988, also hopes to write an autobiographical book and
the person says money raised from Shinn's speaking engagements
fundraising "will be given back to causes that serve the Lord."