NEW ORLEANS (WVUE) - An agreement has been reached in the lawsuit between Tom Benson and his trustees, which puts an end to what could have been a messy trial over the future ownership of the Saints and Pelicans.
A settlement was reached last year in the lawsuit between Tom Benson and his trustees, which included giving sole ownership of the Saints and Pelicans to Gayle Benson when Tom Benson passes away. However, that agreement was never signed.
Benson's attorney Phil Wittmann told FOX 8 Friday morning that they were very close to an agreement.
Just before 4 p.m. Friday, Trustees Bobby Rosenthal and Mary Rowe released a statement saying that an agreement had been reached.
A family spokesperson later released a statement from the Benson family.
Benson sued to remove shares in the Saints and Pelicans from the trust funds he created for his daughter and grandchildren He later announced plans to leave the teams to his wife Gayle Benson.
Tom Benson's plan was to remove shares in the Saints and Pelicans from the trust funds and replace them with assets of equal value, specifically promissory notes with interest. However, the trustees guarding the funds blocked Benson's move and Benson sued them in return.
A team spokesman says business operations between the Saints, Pelicans, WVUE-FOX 8, automotive dealerships and Benson Tower will remain "business as usual".