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SBD/May 16, 2012/Franchises
Stern Backs Trail Blazers Owner's Claim That Team Is Not For Sale
Published May 16, 2012
BIG EASY: In New Orleans, John Reid writes Hornets Owner Tom Benson yesterday "cleared another step toward his final approval" as team owner when the FTC cleared his $338M purchase of the franchise from the NBA. Reid notes approval by the NBA BOG is the "final hurdle Benson must clear before he assumes ownership of the Hornets." That is "expected to happen once a new lease" with the state of Louisiana is finalized (New Orleans TIMES-PICAYUNE, 5/16).