Found April 14, 2012 on
New Orleans Saints owner Tom Benson has decided to expand his influence in the Big Easy, agreeing Friday to purchase the New Orleans Hornets from the NBA for $338 million. The move is pending the approval of the league’s Board of Governors.
“We expect this club to be one of the most outstanding clubs in the league, otherwise I don’t want to get involved,” Benson said. “This is just a good thing and I’m just glad to be a part of it.”
Benson has owned the Saints since 1985, and his franchise secured their first playoff appearance in 1987. Undoubtedly, the high point of Benson’s ownership was their victory in Super Bowl 44 over Peyton Manning and the Indianapolis Colts.
The NBA has owned the Hornets since December 2010, when club founder George Shinn sold the team for an estimated $300 million. The league had negotiated a new lease for the Hornets to continue to play in New Orleans Arena — which is owned by the state of Louisiana — until 2024. The lease also calls for $50 million to be...
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The Saints say the NFL team's owner Tom Benson has bought the New Orleans Hornets from the NBA.
The team said on Twitter Friday they are ''thrilled'' to confirm ''Tom Benson as the new owner of the New Orleans (at)Hornets!''
A person familiar with the deal says the purchase price is $338 million. The person spoke to The Associated Press on condition...
The Hornets are staying where they should.
The Hornets are likely soon to be extinct.
Don’t worry, the franchise isn’t going anywhere now that the NBA sold the team to Saints owner Tom Benson. But the team’s mascot that’s been in place since the franchise’s inception in Charlotte over 20 years ago could soon become a casualty to Benson’s desire to have a nickname more fitting of the region. He already has his...
The defunct NBA-owned New Orleans has finally been sold to none other than New Orleans Saints Owner, Tom Benson. Anthony Ramsey of Los That Sports Blog has the full scoop: Benson has owned the Saints since 1985. His purchase of the Hornets was pending approval by the NBA Board of Governors as of Friday morning. [...]
It was announced this morning that New Orleans Saints owner Tom Benson will be purchasing the NBA’s New Orleans Hornets.
The official price tag: $338 million
NBA Commissioner Stern announced the deal today in Manhattan.
Isn’t this a conflict of interest?
Saints owner Tom Benson bought the New Orleans Hornets. Should Saints fans be concerned about his divided attention? (Photo...
The New Orleans Hornets will stay in the city of New Orleans, as it's being reported that the team was just bought by the owner of the New Orleans Saints -- Tom Benson.According to Yahoo Sports, the Hornets made the announcment (via) Twitter Friday morning as they are saying that they're "thrilled" to confirm "Tom Benson as the new owner of the New Orleans...
Since 2010, the New Orleans Hornets have been owned by the NBA, which has led to some poor decisions and conspiracy theories. It looks like the league’s control over the team may finally be over.
Tom Benson, current owner of the New Orleans Saints, is set to buy the Hornets for $338 billion.
“[USA Today reporter Jeff] Zillgitt reports that the essentials of the sale have been...
Tom Benson, who has owned the New Orleans Saints since 1985, could add to his sports empire today, if the NBA Board of Governors approves the sale of the league-owned New Orleans Hornets to Benson today according to Jimmy Smith of the New Orleans Times-Picayune. The Board of Governors is currently meeting at the St. Regis Hotel, apparently mulling offers from Benson and a group headed...
A person familiar with the deal says the NBA has agreed to sell the New Orleans Hornets to Saints owner Tom Benson for $338 million.
The person spoke to The Associated Press Friday on condition of anonymity because the deal has not been announced.
The NBA has been trying to sell the Hornets since making the unprecedented move to buy the club from founder George Shinn in December...
The New Orleans Hornets finally have a new owner and won’t be leaving the city. NBA.com’s David Aldridge has reported that New Orleans Saints owner, Tom Benson will personally purchase the team for $338 million. That’s a profit of $20 million for the NBA who purchased the team in December 2010. Benson will have to [...]
New Orleans Saints owner Tom Benson just became a dual sport owner, purchasing the New Orleans Hornets of the NBA yesterday for approximately $338 million. After turning around a team once referred to as the “Aints” and bringing the city a championship with a Super Bowl a few years back, Benson will try to make the Hornets relevant.
But if he doesn’t work out a...
The Hornets are being sold to Tom Benson for $338 million, according to NBA.com. This is great news for Hornets fans, NBA fans and the NBA itself. No longer will the NBA own one of its franchises. No more intervention into Hornets roster moves. The NBA can function normally.
When the NBA owned the Hornets, questionable things happened. Aside from the Chris Paul saga, just having...
Saints owner Tom Benson said Friday that the team and quarterback Drew Brees are "close" in negotiating the franchised player's contract status, though a knowledgeable source later gave NFL.com's Steve Wyche a different account of the situation. Benson was asked about Brees at a press conference announcing that he will become the next owner of the NBA's New...
Saints' owner Tom Benson will reportedly purchase the New Orleans Hornets.