From the Times-Pic:
A story in Saturday’s New York Daily News indicated that Gary Chouest was dropping his bid to acquire George Shinn’s 65 percent of the Hornets.
League sources with knowledge of the negotiations said Saturday night that was erroneous and Chouest, who owns 35 percent of the club, was still working to finalize the deal for the remaining 65 percent. It’s possible things could be finalized before the Oct. 27 regular season opener.
So that's good.