When NBA Commissioner David Stern closes the second day of the league’s Board of Governors meeting at New York’s St. Regis Hotel today, the New Orleans Hornets could have a new owner.

It appears the league might be ready to choose between an offer from a group headed by California swimwear manufacturer Raj Bhathal that will include former Hornets minority owner Gary Chouest and a bid from New Orleans Saints owner Tom Benson.

The Board of Governors could be asked to approve the ownership transfer for the Hornets before the meeting adjourns this afternoon.

via Jimmy Smith of The Times-Picayune