New Orleans Hornets Company Description
These Hornets are looking to sting their opponents on the basketball court. The New Orleans Hornets professional basketball team joined the National Basketball Association as the Charlotte Hornets in 1988 before moving from North Carolina to the Big Easy in 2002. During the 1990s the franchise was a perennial contender for the playoffs, but the team has yet to make an appearance in the NBA finals. Devastation from Hurricane Katrina in 2005 forced the Hornets to relocate its home games to Oklahoma City. (It plans on returning to the Crescent City for the 2007-2008 season.) George Shinn, who made his fortune building a network of for-profit schools, has controlled the franchise since its beginning.
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The Company Description provides a historical perspective of New Orleans Hornets's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of New Orleans Hornets's evolution in the marketplace.
