shy of the overall worst mark of 24 by the Cleveland Cavaliers of the early 1980s. The losing streak was later broken by the Cavaliers in 2011 and the Philadelphia 76ers in 2014 with 26 consecutive losses. Several years later, the Nuggets tied for the worst record in the NBA in 2002–03, also with the Cavaliers. New ownerships The team's struggles in the late 1990s were due in part to ownership instability. COMSAT bought the NHL's Quebec Nordiques in 1995 and moved them to Denver as the Colorado Avalanche. However, its diversification into sports ownership was proving a drain on the company. In particular, cost overruns associated with the construction of Pepsi Center had shareholders up in arms. Finally, in 1997, COMSAT agreed in principle to sell Ascent Entertainment Group, the umbrella corporation for its sporting assets, to Liberty Media. However, Liberty was not interested in sports ownership at the time (though it has since bought the Atlanta Braves), and made the deal contingent upon Ascent selling the Avalanche and Nuggets. After almost two years, Ascent sold the Avalanche and Nuggets to Walmart heirs Bill and Nancy Laurie for $400 million. However, a group of Ascent shareholders sued, claiming that the sale price was several million dollars too low. Ascent then agreed to sell the Avalanche and Nuggets to Denver banking tycoon Donald Sturm for $461 million. However, a new wrinkle appeared when the city of Denver refused to transfer the parcel of land on which Pepsi Center stood unless Sturm promised to keep the Avalanche and Nuggets in Denver for at least 25 years. Sturm had bought the teams in his own name, and the city wanted to protect taxpayers in the event Sturm either died or sold the teams. While Sturm was willing to make a long-term commitment to the city, he was not willing to be held responsible if he died or sold the teams. After negotiations fell apart, Liberty bought all of Ascent, but kept the Nuggets and Avalanche on the market. In the meantime, Issel had returned as head coach in 1999, but the protracted ownership negotiations made it difficult for him to rebuild the team. Just before the start of the 1999–2000 season, he told reporters there were several personnel moves he simply could not make due to the unstable ownership situation. Under the terms of Strum’s purchase agreement, all basketball decisions required the