Hornets debacle only going to get worse

[macdaddy]

This is going to be bad for New Orleans, the Hornets, and the nba. Something tells me CP3 ends up in NYC.

Hornets sold to NBA

[lethalweapon3]

http://deadspin.com/5708313/the-new-orleans-hornets-sad-financial-documents/gallery/

http://www.atthehive.com/2010/12/7/1862259/the-hornets-financial-statements-the-hornets-have-been-unprofitable

For all you auditors out there. Looks like the former ownership group was in pretty deep with no assets to help bail them out.

~lw3