Benson Buys Hornets for $338 Million

by Randy Watson

Tom Benson, owner of the New Orleans Saints and owner of several San Antonio car dealerships, as well as other businesses in San Antonio... bought the New Orleans Hornets NBA franchise for $338 Million. Benson is now the sole owner of the Hornets.

The New Orleans Times-Picayune says that Benson intends to change the name of the franchise to something referring to New Orleans.