Posted: Apr 13, 2012 10:30 AM
Updated: Apr 13, 2012 10:30 AM
NEW ORLEANS - A report out of New Orleans says Saints owner Tom Benson now owns the city's NBA franchise as well.
According to WVUE-TV, NBA sources confirmed the Benson purchased the New Orleans Hornets. Benson has been in New York since Thursday working on the deal, and an official announcement is expected later today.
The NBA reportedly passed on an offer from a group owned by businessman Raj Bhathal. Bhathal's ownership group included Larry Benson, Tom Benson's brother, as well as former Hornets minority owner Gary Chouest.