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Started By
Message
Ray Brandt Auto Empire sold to Gayle Benson, Troy Duhon
Posted on 1/9/24 at 1:19 pm
Posted on 1/9/24 at 1:19 pm
I know y'all hate NOLA.com but that's where the story is currently if you'd like to read it
The sale ends a bitter dispute which ended up in court between Ray Brandt's widow and their grandchildren over the succession plan which has gone on for the 3 years since his death
Obviously Gayle Benson is the owner of the Saints & Pelicans as well as now running the late Tom Benson's own auto empire
Duhon is the founder & owner of the Premier Automotive Group
The sale ends a bitter dispute which ended up in court between Ray Brandt's widow and their grandchildren over the succession plan which has gone on for the 3 years since his death
Obviously Gayle Benson is the owner of the Saints & Pelicans as well as now running the late Tom Benson's own auto empire
Duhon is the founder & owner of the Premier Automotive Group
This post was edited on 1/9/24 at 1:22 pm
14
Posted on 1/9/24 at 1:20 pm to rt3
quote:
Gayle Benson
Spend less time buying Ray Brandt and more time firing Dennis and Pete
Posted on 1/9/24 at 1:21 pm to rt3
quote:
Gayle Benson
The archdiocese is about to get a fleet of new vehicles.
Posted on 1/9/24 at 1:31 pm to rt3
quote:
The estate of the late New Orleans auto mogul Ray Brandt is close to completing the sale of 14 car dealerships and five collision centers in Louisiana and Mississippi, which make up the bulk of his estimated $300 million fortune.
quote:
Under the terms of the deal, the Benson group would get the Toyota dealership on Veterans Memorial Boulevard in Kenner, as well as the Mercedes-Benz dealership in D'Iberville, Mississippi, and the Porsche dealership in Metairie.
The Infiniti and Nissan dealerships would also go to Benson, according to four people with knowledge of the deal who couldn't speak publicly because of confidentiality agreements.
Troy Duhon's group would take over the other dealerships, which include two Volkswagen outlets, one in D'Iberville and the other in Harvey, Louisiana. Duhon would also get the Chevrolet dealership in Biloxi, Mississippi, and the Chrysler-Dodge-Jeep-Ram and Kia dealerships in Harvey.
This post was edited on 1/9/24 at 1:33 pm
Posted on 1/9/24 at 1:34 pm to rt3
quote:
Car dealership franchises can be lucrative businesses, though valuations of different brands vary widely.
The average annual earnings for a U.S. car dealership was $6.5 million in 2022, according to The Haig Report, which tracks data from publicly-traded auto dealership groups. Earnings in 2021 and 2022 soared compared to the previous five years, when they averaged between $2 million and $3 million a year.
Posted on 1/9/24 at 2:16 pm to rt3
Gayle Benson is a bigger puppet than Biden.
She was bouncing checks all over town before the met Tom.
No one is that lucky.
She was bouncing checks all over town before the met Tom.
No one is that lucky.
Posted on 1/9/24 at 2:19 pm to rt3
quote:
Obviously Gayle Benson is the owner of the Saints & Pelicans as well as now running the late Tom Benson's own auto empire
Amazing what a vagina can get you these days... She must have been a hell of a lay.
Posted on 1/9/24 at 2:21 pm to rt3
quote:
Duhon is the founder & owner of the Premier Automotive Group
My boy Troy.
Posted on 1/9/24 at 2:24 pm to rt3
Has Gayle had to close Faubourg Beer yet? I enjoyed hearing they are struggling mightily.
Posted on 1/9/24 at 2:34 pm to rt3
Gayle Benson has no kids and no heirs. The team will be sold upon her death and the proceeds to charity. I wonder wtf really happened between Tom and his kids.
Posted on 1/9/24 at 2:36 pm to rt3
Ray Brandt had no kids. He married later in life, got cancer and died.
All accounts he was a good guy.
Wife has kids and grandkids, some of which are trash. The houses on Woodvine and Falcon have jacked up trucks, crap stacked, trailers, boats, ATVs, and deer blinds strewn about.
Pretty sure they bought Manale's as well and screwed that up, selling to Dickie Brennan last year.
All accounts he was a good guy.
Wife has kids and grandkids, some of which are trash. The houses on Woodvine and Falcon have jacked up trucks, crap stacked, trailers, boats, ATVs, and deer blinds strewn about.
Pretty sure they bought Manale's as well and screwed that up, selling to Dickie Brennan last year.
Posted on 1/9/24 at 2:38 pm to JetsetNuggs
quote:
Spend less time buying Ray Brandt and more time firing Dennis and Pete
Mickey's gotta go to get some change baw.
Posted on 1/9/24 at 2:49 pm to Rick9Plus
quote:
I wonder wtf really happened between Tom and his kids.
Tom had to get financial assistance to attend St Alouyious, basically by begging the brothers.
For all of Tom's faults, and there were many, he was the very definition of a self-made man. He came from nothing and earned what he had.
His kids and grandkids were worthless POS who wanted all the play with none of the work, and he finally said enough is enough.
Having said that... the kids and grandkids are still going to get a lot of cash when the team is sold. Their trusts have a bunch of non-voting ownership interests in the sports franchises.
Posted on 1/9/24 at 2:51 pm to rt3
Well I guess Ray Brandt will no longer have the deals?
That family maintaining ownership was never going to work long term, this is probably best for everyone, before they can completely run it into the ground.
The article referenced the manufacturers having to approve the sale, if I had to bet, they were actually pushing the sale.
That family maintaining ownership was never going to work long term, this is probably best for everyone, before they can completely run it into the ground.
The article referenced the manufacturers having to approve the sale, if I had to bet, they were actually pushing the sale.
Posted on 1/9/24 at 3:01 pm to Rick9Plus
quote:
I wonder wtf really happened between Tom and his kids.
Tom was 100% mentally out of it when he restructured the will to cut them out but Louisiana politics has an unusual way to intervening.
Posted on 1/9/24 at 3:03 pm to rt3
quote:
he sale ends a bitter dispute which ended up in court between Ray Brandt's widow and their grandchildren over the succession plan which has gone on for the 3 years since his death
How damn hard is it for these auto empire guys to write a concise will?
Posted on 1/9/24 at 3:04 pm to MrLSU
Its gonna be real interesting when Gayle goes with no heirs.
Posted on 1/9/24 at 3:06 pm to Areddishfish
quote:
these auto empire guys to write a concise will
Well, it was changed soo...
Posted on 1/9/24 at 3:13 pm to Fun Bunch
Gayle’s been adamant that she wants the team to go to the city/state. Should be interesting.
Posted on 1/9/24 at 3:19 pm to rt3
Really concerned that a majority of the large businesses local to New Orleans might end up in the Archdiocese hands when its all said and done.
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