Report: New Orleans Hornets To Be Sold To Saints Owner Tom Benson
The New Orleans Hornets are to be sold to New Orleans Saints owner Tom Benson for $338 million, according to David Aldridge of NBA.com.
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Former Hornets owner George Shinn was forced to sell the franchise to the NBA due to financial troubles in December of 2010. The Hornets are the league’s first league-owned team. Benson has owned the Saints since 1985.