Herb Simon Rumors

The Pacers’ ownership reorganization, according to the lawsuit, came after Herb Simon wanted to retain ownership and Mel Simon grew tired of funding losses for a team “hemorrhaging cash.” The lawsuit says the team’s 2004 brawl at a game in Detroit, where players entered the stands to confront fans, started the franchise’s financial troubles. It mentions subsequent player arrests as causing the team to become “a civic and family embarrassment.”
via Indianapolis Star
With the Indiana Pacers languishing in public perception and on the court in 2007, team co-owner Mel Simon approached his brother and co-owner Herb about selling the team, according to a lawsuit filed in Colorado. Bren Simon, Mel Simon’s widow, is suing the Internal Revenue Service in U.S. District Court for return of $21 million that she paid in protest. She contends the IRS improperly interpreted money Mel received from an ownership reorganization of the Pacers in 2009 as a gift.
via Indianapolis Star
Several deciding factors would determine the Pacers’ interest in Stephenson, said Simon, and a huge consideration would be chemistry. “First of all, we don’t know if they’re really trading him, at least I don’t know,” Simon said about the Hornets. “I know they made some calls and we would have to (figure out) how he fits back into the team. Those are all basketball decisions and Larry and Kevin (Pritchard) are the best to answer that. “We have the best basketball minds in Larry Bird and Kevin Pritchard and they’re working on it every minute of every day. So, something will happen.”
via Indianapolis Star