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.”
With NBA owners debating whether to approve the franchise’s sale and relocation to Seattle, the ever-faithful fans of the Sacramento Kings pushed the uncertainty aside and rallied during a 112-108 loss in the regular-season finale against the Los Angeles Clippers.
Seattle Mayor Mike McGinn says a tentative deal has been reached to ready KeyArena for the NBA’s return.
A judge has dismissed a lawsuit over a proposal to build a $490 million professional basketball and hockey arena in Seattle.