Bloomberg News

Saints’ Tom Benson to Buy NBA New Orleans Hornets, Stern Says

April 13, 2012

New Orleans Saints owner Tom Benson will buy the city’s National Basketball Association team, the Hornets, NBA Commissioner David Stern said.

Benson will pay $338 million, according to a person with direct knowledge of the transaction who was granted anonymity because the price isn’t public. League spokesman Tim Frank declined to comment. Greg Bensel, a spokesman for the Saints, didn’t immediately return an e-mail seeking comment.

“We have really found the perfect owner,” Stern said at a news conference in New York after a league owners meeting.

The NBA took control of the Hornets in 2010. Benson has owned the National Football League Saints since 1985.

To contact the reporter on this story: Mason Levinson in New York at mlevinson@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net


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