Report: Tom Benson expected to purchase New Orleans Hornets
Tom Benson, the owner of the New Orleans Saints, is expected to purchase the city’s NBA franchise the Hornets.
According to the New Orleans Times-Picayune, the NBA Board of Governors could approve the purchase today. The Board is meeting today in New York and is considering one other offer, but the report leads you to believe Benson is the favorite in the process.
The NBA has long been looking for a buyer for the franchise. Benson flirted with the idea of moving the Saints to San Antonio following Hurricane Katrina. He will not be subject to the cross-ownership rules that exist in the NFL because the franchises are in the same city. Those rules only apply when an NFL owner wants to purchase another North American sports franchise in another market.
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Brad Biggs covers the Bears for the Chicago Tribune