TSN TV Schedule TSN2 TV Schedule
NBA

Hornets sale to Saints owner Benson approved

{eot}
Associated Press
6/13/2012 10:20:28 PM
Decrease Text SizeIncrease Text Size
Text Size

NEW ORLEANS -- The NBA says the league's board of governors has voted to approve the sale of the New Orleans Hornets to New Orleans Saints owner Tom Benson.

A one-sentence statement released by the NBA on its Twitter page Wednesday night says the transaction is expected to close this week.

Benson and NBA Commissioner David Stern announced in April that the Saints' owner had agreed to purchase the Hornets from the league and officials confirmed a sale price of about $338 million.

The NBA bought the Hornets from club founder George Shinn in December 2010 and spent 16 months looking for a buyer who would keep the team in Louisiana.

Benson also has agreed to the terms of a recently negotiated lease keeping the Hornets in the New Orleans Arena through 2024.

Tom Benson (Photo: Layne Murdoch/NBAE/Getty Images)

zoom

(Photo: Layne Murdoch/NBAE/Getty Images)
Share This

Share This

Add to FacebookAdd to DiggAdd to FarkAdd to TwitterAdd to Stumble UponAdd to Reddit
Print this Story


Big Tour

A Historic Event

It was Canada's night at the NBA Draft as four players from north of the border were selected.


1. Andrew Wiggins - Cavaliers

8. Nik Stauskas - Kings

18. Tyler Ennis - Suns

45. Dwight Powell - Hornets


2014 NBA Draft Tracker

Social Media
twitter icon

Follow the Raptors and Raptor play-by-play man Matt Devlin on Twitter! Check out the latest Tweets!

Podcasts

TSN 1050: 1On1 With Will & Duane - July 20th 2014

Will & Duane are Wiggin' out on the LBJ-Love Triangle, Canada Basketball team dilemma, Summer League Love/Hate & the News, Views & Truths

TSN 1050 Toronto: Game Night with Andy McNamara - Will Strickland - July 20

Will joins the show to chat some hoops during a busy NBA offseason. Wiggins/Love talks, LeBron's return to Cleveland & what the Raptors accomplished.

TSN 1050: 1on1 with Will and Duane: July 13th 2014

LeBron comes home, NBA TV Canada's Akil Augustine checks in from Vegas, signing season begins, Will & Duane name their Free Agency Winners & Losers.


More Podcasts

© 2014
All rights reserved.
Bell Media Television