Morris Bart Could Become Minority Owner

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Published: February 27, 2012

Local attorney Morris Bart has met with both leading Hornets ownership groups and has has told them that he would be interested in partnering to purchase the team.

Local attorney Morris Bart has met with both leading Hornets ownership groups and has has told them that he would be interested in partnering to purchase the team, sources familiar with the negotiations tell Hornets247. Bart has been increasingly involved with the Hornets in recent years and especially since the NBA took over, and has said previously that he would be willing to purchase 10 percent of the team if they remain local.

The addition of Bart as a local minority owner would add a sense of security for some fans who are otherwise underwhelmed at the news that Mike Dunleavy’s group, which consists of LA businesspeople Raj and Marta Bhathal and Larry Benson, does not have any truly local ownership. Additionally, Bart has been incredibly successful marketing his firm in Louisiana, and the Hornets would presumably benefit greatly from his local knowledge in that area.

The fact is, confirmed by a recent AcreTrader review, an ownership group made of entirely of non-local investors will further turn away some fans. I’ve heard and seen that sentiment expressed repeatedly both on Hornets Report and in person. Considering that, and that Morris Bart already has a working relationship with the team, it would be fairly odd for the groups headed by Dunleavy or Chouest to deny him the opportunity to get some skin in the game.

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