The effort to keep the Sacramento Kings from moving to Seattle got a boost from a Silicon Valley software tycoon who stepped forward as lead investor.
According to CBS Sacramento, the Sacramento Kings minority owner John Kehriotis is quietly working on his own bid to buy the Maloofs’ majority shares and build a new arena in a northwest suburb in Sacramento.
Investor Chris Hansen is reportedly moving forward with ticket plans for an NBA franchise in Seattle next season by asking for people to sign up for a “Priority Ticket Waitlist” — a system organizing potential Sonics season ticket holders, according to sonicsarena.com.
Mayor Kevin Johnson may be the face of the effort to save the Kings, but Sacramento’s city manager is the man in charge of putting the dollars together for any arena deal. John Shirey is now pushing up the timetable to get an arena deal done to March 23.
Despite having their lawsuit rejected last month, the International Longshore and Warehouse Union isn’t giving up on their effort to block the construction of a arena in the SODO neighborhood.
After weeks of behind the scenes work, Mayor Kevin Johnson is expected to reveal the highly speculated names of the deep-pocket investors he’s lined up to bid on the Sacramento Kings, according to Sacramento’s CBS 13.
According to a report from The Sacramento Bee, the trustee overseeing the bankruptcy auction of a seven percent stake in the Sacramento Kings might make the sale happen sooner than anticipated.
According to CBS Sacramento, the NBA-endorsed arena financing plan the Maloofs walked away from last year is getting a new look with a new location, and possibly new landlords.
A Washington state judge rejected a union lawsuit Friday which aimed to block a deal for new Seattle basketball arena.
Efforts to build a new professional basketball arena in Seattle face a hurdle Friday as a judge hears arguments in a lawsuit to slow or stop the deal.