pinksheets
Active member
Shinn wasn't forced to sell. He was looking to sell as he was dealing with cancer treatment and his negotiations with a local ownership group fell apart. Shinn had proposed the NBA buy him out and the owners begrudgingly went alone. It was seen as more of a bail out of Shinn than an ouster. I think the more notable aspect of Shinn's story is him leaving Charlotte. He wanted out of that city, the city offered up a giant public subsidy for an arena so long as there was a new owner, the NBA felt uncomfortable with the city telling an owner he has to sell, allowed Shinn to relocate, and just promised Charlotte expansion. Sacramento isn't trying to force the Maloofs to sell, just trying to get the NBA to force them to sell to their ownership group. I think the past has shown the NBA supporting ownership's discretion even when it hurts relationships with cities.
And the Timberwolves sales/relocation was denied because the financials were screwy. The ownership group had mystery investors and a ton of money being borrowed to buy the team that exceeded what the NBA was comfortable with.
And the Timberwolves sales/relocation was denied because the financials were screwy. The ownership group had mystery investors and a ton of money being borrowed to buy the team that exceeded what the NBA was comfortable with.