Updated: April 13, 2012, 12:19 pm ET

Tom Benson: New Owner Of The Hornets

By HOOPSWORLD
Basketball News & NBA Rumors

New Orleans Saints owner Tom Benson will be announced as the owner of the New Orleans Hornets this afternoon, according to sources.

Benson will own 100 percent of the team.

The purchase price has not been announced, but it is expected to be in the neighborhood of $340 million.

Darren Rovell is reporting the sale price at $338 million.

via Jimmy Smith -  NOLA.com.

 

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