Saints owner buys the Hornets

By Laurie Bennett

April 15, 2012 at 6:32am

New Orleans Saints owner Tom Benson expanded his sports empire Friday, buying the NBA’s New Orleans Hornets.

“I feel like I’m 50 again,” the 84-year-old Benson told the Times-Picayune.

Benson paid a reported $338 million for the team, which the league had taken over from founder George Shinn in 2010.

“We really have found the perfect owner,” NBA commissioner David Stern said.

Benson made a fortune in banks and auto dealerships before buying the Saints since 1985.

Forbes ranks him at No. 1075 on its billionaires list, with an estimated net worth of $1.1 billion.

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