The Sacramento Kings’ unsteady future finally seems to be settled. A person familiar with the deal says the Maloof family has reached an agreement with a Sacramento group to sell a 65 percent controlling interest in the Kings at a total franchise valuation of $535 million.
NBA owners voted Wednesday to reject the Sacramento Kings’ proposed move to Seattle, the latest in a long line of cities that have tried to land the franchise.
(CBS Seattle) — The NBA Board of Governors is meeting in Dallas, Texas Wednesday to vote on whether the Sacramento Kings will be sold and relocated to Seattle. The NBA relocation and finance committee voted […]
If the NBA doesn’t approve the relocation of the Sacramento Kings to Seattle, the Maloofs will reportedly refuse to sell the team to Sacramento-area investors.
According to sonicsarena.com, Chris Hansen is now offering $625 million for the Sacramento Kings, a $75 million increase from his previous offer.
The NHL is reportedly nearing an agreement with a potential ownership to sell the Phoenix Coyotes, according to cbssports.com.
Investor Chris Hansen has vowed to “move forward with the transaction” he has with the Maloof family to buy the Kings and move the team toSeattle despite a unanimous recommendation from the NBA’s relocation committee for owners to reject the bid.
A committee of NBA owners voted unanimously Monday to deny the application of the Sacramento Kings to move to Seattle.
Proposed changes to California environmental protection law unveiled Wednesday could help Sacramento’s effort to keep its professional basketball team, according to the leader of the state Senate.
The Maloof family is asking NBA owners to approve the sale of the Kings to a Seattle group, saying there is “significant distance between us and the Sacramento group.”