Found April 14, 2012 on Sports-Glory:
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Tom Benson is the new owner of the New Orleans Hornets, which he purchased from the NBA for a reportedly $388 million.

The Saints owner did want anyone to buy the team and move it to a new city so he decided to pay the asking price to keep the team in New Orleans.  

Benson told the Times-Picayune that he wants a new name to better fit the city.  Here is what Benson Said: 

"We need to find a name like (Jazz)," Benson said, referring to New Orleans first NBA team that relocated to Salt Lake City in 1979. "Whether we can get that or let us use that, you've got to know we're working on it. We'd like to change it tomorrow. We have not gotten that approved, but we're not letting up on it, either. Because we've got a good relationship with the commissioner and his people and we're going to be on them daily to do something."

Benson said both Saints executive vice president and chief financial officer Dennis Lauscha and Saints General Manager Mickey Loomis will work in the same positions for the Hornets as they do for the Saints.

Benson told the Times-Picayune, "I don't see right now that we're going to be able to interlock a lot of stuff. That doesn't mean that these guys right here and Mickey Loomis is a good basketball guy, certainly won't have some input. We're going to have a management staff there just like you do in any other business." 

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