New Orleans Arena
New Orleans, one of the 11 struggling teams that tapped into the league’s line of credit, is always the subject of relocation speculation. Charlotte is said to be on the block, with Michael Jordan a willing if also under-financed (for the moment) potential buyer.
And it will get worse. David Stern said that league revenues could decline by as much as 10 percent next season.
“Our teams are going to be faced with the necessity to get out and sell tickets and sponsorships, and some, quite frankly, do it better than others,” he said. “Some are hobbled by their record and the particular economy in their state. But everything is different.”
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Tags: David Stern, Michael Jordan