Succession plan revealed to keep Saints and Pelicans in New Orleans long-term

Succession plan revealed to keep Saints and Pelicans in New Orleans long-term

The owner of both franchises, Gayle Benson, wants to make sure the teams stay in New Orleans “forever.”

METAIRIE – The owner of the New Orleans Saints and New Orleans Pelicans, Gayle benson, along with team officials, unveiled long-term succession plans in detail for the first time on Wednesday, informing The Times-Picayune and WVUE-TV that they would be sold with the goal of keeping clubs in check. New orleans and distribute the proceeds to charity.

The arrangement, which has been approved by the NFL, is similar to what happened after the owner and founder of the Buffalo Bills, Ralph Wilson, passed away in 2014, and the equipment was subsequently sold to Terry and Kim pegula.

Benson, 74 years old, and the president of the Saints, Dennis Lauscha, who would serve as executor, said the proceeds would be distributed to charities that benefit the people of New orleans, including in the fields of education, health, arts and sciences, and humanitarian causes.

An officer of the Saints and Pelicans confirmed the details of the plan to ESPN.

“I can’t take them with me,” he said. Benson, who replaced her late husband Tom benson as owner in 2018 and has no heirs of his own. “God gives us gifts, and this is a gift. I am a driver for this [organización]. And we are going to help other people with it. My desire is to distribute all the good and gifts that God and Tom they have given me for the city and the community. “

According to the report, the decision to distribute the proceeds for charity originated when Tom benson he was still the owner. The topic of long-term succession has been a curiosity ever since Tom revealed in 2015 that he wished to leave his franchises to Gayle, whom he married in 2004, instead of his daughter and grandchildren. That started a bitter legal battle over the next two years that ended in an out-of-court settlement.

One of the reasons the succession plan has become a relevant topic now is because the Saints are involved in talks for a long-term lease with the state of Louisiana and the Caesars Superdome, whose current agreement runs until 2025.

Lauscha said an extension to the lease would bind the Saints to New orleans long-term, even if the ownership of the club changed hands, because the NFL has a policy against teams breaking a leasing agreement to change locations. Lauscha He also said that a favorable lease would make it more attractive for a future owner to stay in New orleans.

“I want to make sure we keep the teams here,” he said. Benson. “I want them to stay in New orleans forever”.

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