In his conference call announcing the Chris Paul trade to the Los Angeles Clippers on Thursday, NBA commissioner David Stern said that the league is only accepting offers from potential buyers of the New Orleans Hornets who will keep the club in southern Louisiana.
"Our sole focus was and will remain -- until we sell this team, hopefully which will be in the first half of 2012 -- how best to maintain the Hornets, make them as attractive and competitive as we can, and ensure that we have a buyer that will keep them in New Orleans," Stern said.
The league bought the franchise from founding owner George Shinn in December 2010. Stern has maintained a desire to keep the Hornets in New Orleans throughout the league's ownership of the club, and reportedly turned down a lucrative offer from Oracle CEO Larry Ellison, who wanted to move the franchise to San Jose, Calif.
For more on the Hornets, visit At The Hive.
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