Tom Benson settles with heirs over ownership of New Orleans Saints, Pelicans

New Orleans Saints and Pelicans owner has reached a settlement in the legal dispute over his business interests with his estranged heirs, who include his daughter Renee Benson and grandchildren Ryan and Rita LeBlanc.

The Saints' website detailed that all parties have reached a settlement, but the agreement is confidential.

The 88-year-old billionaire initially filed a lawsuit with the premise to leave full ownership of his business interests to his third wife, Gayle Benson. The business interests include the respective NFL and NBA teams as well as car dealerships, real estate and a television station.

"Operations for all Tom Benson business properties including the New Orleans Saints, the New Orleans Pelicans, WVUE-FOX 8, automotive dealerships and Benson Tower remain 'business as usual,'" the Saints posted on their official website.