$338 million? Pffft. The Dodgers costing $2.1 billion is still shocks me.
More importantly, this officially eliminates any idea of Seattle finally getting an NBA team back.
Hornets had or have a deal in place to keep the team in New Orleans until 2024 prior to this sale, meaning they wouldn't get moved. Probably a massive reason why Benson bought the Hornets. I'd prefer to own 2 pro sports teams that are right next to each other or CLOSE to each other rather than having 1 franchise in 1 state and the other in a different state.
Kings need to move back to Kansas City IMO.
With the NFL's cross-ownership rules, that would have been the only way for Benson to buy the Hornets, and still keep the Saints. In other words, if you own a NFL team, you can't own (or be a majority owner) another team in another sport in a different market.
Just like a year or two ago, Stan Kroenke bought the remaining shares of the Rams he didn't own (he had been a minority owner since they've been in St. Louis) from the children of the late Georgia Frontiere, and with that, he "sold" his Denver-based teams (Nuggets, Avalanche, the MLS Rapids) to his son.