Maloofs: Seattle Or Bust
(CBS Seattle) — If the NBA doesn’t approve the relocation of the Sacramento Kings to Seattle, the Maloofs may refuse to sell the team, sources tell ESPN.com
Last week, investor Chris Hansen increased his offer to buy the Kings by $75 million to $625 million after the NBA’s relocation and finance committee recommended denying the bid to move the team, according to CBS Sports.
A Sacramento-based investment group has also made a bid to buy the Kings, but the Maloofs reportedly won’t sell the team unless the NBA approves the sale of the team to Hansen. The Maloofs have also made a deal with Hansen’s group to buy 20 percent of the team, allowing them to continue running the franchise.
The NBA relocation committee meets Monday to discuss the move, then Tuesday the Board of Governors meets to decide whether to allow Hansen’s group to buy the team. Twenty-three of the 30 members have to approve the sale.
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