Originally posted by Grandadmiral
New Orleans, LA POMS News Service
The entity will be known as SpongShinn and will be headquartered under the entrance to USM's stadium. Spongey will have full control of the website with proceeds from using the Hornets' names and logos going to Shinn.
Wooldridge is allegedly going to enter into a partnership with NBA commish, David Stern. The conglomerate will be known as SternRidge and will operate out of NBA headquarters in New York. Stern and I are going to make tons of money having games fixed the way we want to. Don't print that."
His net worth is now rumored to be bordering $4.25, more than enough to buy the entire state of Louisiana. Grandadmiral was in preliminary talks with Avondale Shipyard to build a floating arena that would go up and down the river during home games.
"This is an exciting day for the team. Having local ownership will ensure that this team will be here for a very long time," stated New Orleans Mayor Ray Nagin. "I only wish I had that much money."