I ran across this article on wwltv.com. The article states that the Saints may have been on the market before Katrina hit.
The 32 years have gone by quickly. That is how long Paul Godfrey has been chasing his tail, trying to land a National Football League franchise for Toronto...
All of that paid off in 2005 when the league quietly gave him and MLSEL chairman Larry Tanenbaum permission to negotiate to purchase the New Orleans Saints.
"We never did meet the owner (Tom Benson)," Godfrey said. "We met other family members in San Antonio. We met with the lawyer. The team was definitely in play. And then (Hurricane) Katrina hit. The Saints became a symbol for that community. Whatever deal there might have been disappeared."