Owners of the NBA's Charlotte Hornets are close to completing a deal to relocate the team to New Orleans.
Ray Wooldridge, co-owner of the team with George Shinn, said after a meeting with Governor Mike Foster that the move would be a "perfect fit".
Wooldridge said discussions included improvements to the 18,500-seat arena, which is already close to NBA standards, and state help in the sale of luxury box suites and season tickets.
Wooldridge and Foster said a deal could be announced later this week.
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