Saints Owner Tom Benson To Buy New Orleans Hornets

by April 13, 2012

The days of the NBA owning the New Orleans Hornets are all but over. This morning, the League reached a tentative agreement with New Orleans Saints owner Tom Benson to buy the team for $338 million, according to sources close to the discussions. From the New Orleans Times Picayune, who first reported the sale: “Benson will own 100 percent of the team. The purchase price has not been announced, but it is expected to be in the neighborhood of $340 million. Benson initially bid for the team in January but walked away. He re-emerged about two weeks ago as a potential buyer.”