When you consider the fact that Magic Johnson and friends bought the Dodgers for $2 billion, this seems like money you would find in your seat cushion. But I know, it’s not an apples to apples comparison.
I’m just happy that the Hornets (who have been owned by the NBA for some time now) have an actual owner now. After David Stern vetoed the Chris Paul trade a few months ago, it made the need for an owner more apparent.
The owner of the New Orleans Saints picked up the tab for a cool $338M. No word yet if Sean Payton will coach the team now that he has time off.