NEW ORLEANS (AP): George Shinn said he sold the Hornets for about $50 million less than he could have because he wants the club to remain in New Orleans, and he would be willing to buy back in as a minority investor should a viable Louisiana ownership group come together.
Shinn, who has rarely been to New Orleans since selling the club to the NBA in early December, returned Monday to present $500,000 from his foundation to a Salvation Army program aimed at helping the working poor find stable housing.
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