Billionaires usually don't take 'no' for an answer.
After losing out on buying the Warriors a few months ago, Oracle billionaire Larry Ellison might be at it again. According to forbes.com, Ellison might purchase the struggling New Orleans Hornets and relocate them to San Jose.
Money is not a problem -- and nor is politics. San Jose created a "Memorandum of Understanding" in 2009 which essentially opens the door to an NBA franchise to play in the HP Pavilion. A new team would share the HP Pavilion with the San Jose Sharks.
"There are no major hurdles," said San Jose City Councilman Ash Kalra. "The path is clear for an NBA franchise to move to San Jose."
The Sharks are also willing to share to their arena with a basketball team and issued this statement on Wednesday:
“We are aware of the speculation that Mr. Ellison is interested in purchasing the New Orleans Hornets. While we would certainly welcome the opportunity to discuss moving an NBA franchise here to HP Pavilion, we have not been approached with such an offer and there are no such discussions currently taking place."