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  September 5, 2001
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Home > Company Index > Leisure > Professional Sports Teams & Organizations > Charlotte Hornets

Charlotte Hornets
 PROFILE
In Charlotte, North Carolina, basketball don't mean a thing if it ain't got that sting. The Charlotte Hornets came into the NBA as an expansion club in 1987 and began play in the 1988-89 season. The team reached the playoffs five times in the 1990s but problems off the court have included sexual assault accusations against team owner George Shinn (a jury cleared him in late 1999). The team has also lost attendance and merchandise sales since lossing its three most valuable players and head coach Dave Cowens between 1998 and 1999. The team has been negotiating with city officials for a new arena while talk of a possible sale swarms around the Hornets. Georgia businessman Ray Wooldridge co-owns the team.

 COMPETITION
Cavs/Gund Arena Company (dossier)
Milwaukee Bucks (dossier)
Toronto Raptors Basketball Club Inc. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 57.80
1-Yr. Sales Growth: 90.8%
Employees: 65
Revenue per employee: $889,230.77

 KEY PEOPLE
• George Shinn
    CEO
• Wayne DeBlander
    CFO

 CONTACT INFO
100 Hive Dr.
Charlotte, NC 28217
US
Phone: 704-357-0252
Fax: 704-357-0289
Online: Web Site

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