This is certainly worth filing away for later. An interested buyer has emerged if, or when, Gayle Benson sells the New Orleans Saints. The NBA’s Houston Rockets owner Tilman Fertitta wants to expand his portfolio.
“I’ve always loved the New Orleans Saints, but (Benson) won’t sell them right now,” Fertitta told the Houston Business Journal’s Chandler France. He clarified that there hadn’t been an exchange of formal offers or anything official, but he’s made his interest known.
And, he added, the Saints are not currently for sale. Benson’s will instructs team president Dennis Lauscha to take on the role as executor of the estate and overesee the sale of the team. If he’s unable to do so, it would fall on general manager Mickey Loomis and longtime executive Greg Bensel to see it through. She also stipulates that the team’s next owner must keep the team in New Orleans.
Benson, 77, has no heirs and has shown every indication that she intends to run the team for the rest of her life, which is why this succession plan has been made public. But it’s always possible she could change her mind and agree to sell it sooner. If that’s the case, we could see the Saints go for as much as $6 billion — that was the winning bid for the Washington Commanders, a contest in which Fertitta’s reported $4.4 billion offer fell short.
It wouldn’t be ideal for an out-of-state owner to be running the Saints, but so long as the team remains in New Orleans, we’ll take it. At least Fertitta has experience owning a pro sports team before with the Rockets. Just don’t expect him to be the only suitor when the Saints do eventually go up for sale. The NFL is a lucrative business and with team values continuing to skyrocket, some big names could be in the mix when that day comes.
