NEW ORLEANS (AP) -The New Orleans Hornets have decided to take advantage of an NBA loan program even though they say they don’t need the money.
“We accepted the loan that the NBA made available to all its teams to keep our options open in case these funds are needed in the future,” Hornets President Hugh Weber said in a statement sent by e-mail Thursday to The Associated Press. Weber says the Hornets are enjoying unprecedented success with tickets sales and sponsorships.
The Hornets have sold out 22 games this season, smashing the previous high of 13 sellouts last season, the Hornets’ first in New Orleans full-time since Hurricane Katrina. Average attendance this season is 16,977, and the official sellout figure for the New Orleans Arena for Hornets games is 17,188.
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