Friday, April 13, 2012

Tom Benson is buying the New Orleans Hornets

Tom Benson owner of the New Orleans Saints has reportedly struck a deal to buy the New Orleans Hornets, talk about money to blow. As first reported on Pro Football Talk just a few minutes ago.
"Per Aldridge, the price of the team will be $338 million and Benson will have to pay 10 percent of the purchase price immediately. The sale also takes the team out of league control for the first time since they bought the franchise from former owner George Shinn for $318 million in 2010."

From the Gun

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