Tom Benson Rumors

Mr. Benson Reacts to Recent Pelicans Trade: “I could not be more excited to add DeMarcus Cousins and Omri Casspi to the Pelicans. I know that everyone is thrilled with the anticipation of DeMarcus and Anthony (Davis) and Jrue (Holiday) and the rest of our team hitting the floor tomorrow night against the Houston Rockets. We are only a few games behind in the playoff hunt and I want to bring an NBA championship to this city. I think this trade puts us in a position where we are now more improved and can make a run. The NBA All-Star weekend was a great weekend for New Orleans and Anthony was a worthy MVP, and then we topped it off with a trade for one of the best players in the NBA. I was appreciative of Mickey (Loomis) for keeping me updated daily during the trade talks and I was 110% behind the decision. I hope all of our fans welcome DeMarcus and Omri with open arms to our great city.”
Today, the terms of a settlement between Mr. Benson and his heirs has been completed and is final. The process started two years ago in federal court and now all lawsuits are either final and or dismissed. “This has been a long and difficult time and we are pleased this is behind us,” said New Orleans Saints and New Orleans Pelicans Owner Tom Benson. “We have many great projects ahead and look forward to them. In addition, we continue to strive for our number one goal and that is winning championships in football and basketball.”
A federal judge Tuesday (Aug. 30) pushed back a trial in Saints and Pelicans owner Tom Benson’s team ownership fight to February. In the meantime, lawyers in the case have until Oct. 28 to question representatives of the National Football League and the National Basketball Association in depositions, U.S. District Judge Jane Triche Milazzo ordered. Benson, 89, is suing to remove ownership shares in the Saints and Pelicans out of trust funds created for his daughter, Renee Benson, and grandchildren Rita and Ryan LeBlanc.
Benson has authority to remove assets from the trusts in exchange for assets of equal value. The trustees blocked Benson’s attempt to remove the team shares in exchange for promissory notes, arguing the deal wasn’t good enough. If the case does go to trial, testimony and evidence is expected to make public details of internal NFL and NBA financial information, the financial performance of the Saints and Pelicans, and Benson’s personal fortune. It wasn’t immediately clear who would represent the NFL and the NBA in depositions.
New Orleans Saints and Pelicans owner Tom Benson alleged family members “tried to kill” him in a deposition made public this week. Benson, who has been engaged in a legal fight over who will inherit the sports franchises, detailed why he decided to cut his daughter Renee, along with grandchildren Ryan and Rita LeBlanc, out of any ownership stake with the teams. “Well, they tried to kill me for one thing.” the 88-year-old billionaire businessman said in the deposition on March 28. “I found out they didn’t love me very much, trying to stab me in the back, wanted to take over everything, brought me to court saying I was crazy. You don’t need any more than that.”
Other NBA owners on the list include the Brooklyn Nets’ Mikhail Prokhorov ($7.6B), Miami Heat owner Micky Arison ($7.1B), New York Knicks owner Charles Dolan ($5B), Dan Gilbert of the Cleveland Cavaliers ($4.9B), Orlando Magic owner Rich DeVos ($4.7B), Tom Gores from the Detroit Pistons ($3.3B), Dallas Mavericks owner Mark Cuban ($3.3B), Indiana Pacers owner Herb Simon ($2.8B), New Orleans Pelicans owner Tom Benson ($2.2B), Memphis Grizzlies owner Robert Pera ($2B), Glen Taylor from the Minnesota Timberwolves ($1.8B), Milwaukee Bucks owner Marc Lasry ($1.7B), Houston Rockets owner Les Alexander ($1.5B), Utah Jazz owner Gail Miller ($1.4B), Chicago Bulls owner Jerry Reinsdorf ($1.3B), former Bulls player and Charlotte Hornets owner Michael Jordan ($1.1B) and Atlanta Hawks owner Tony Ressler ($1.1B).