Woj: Maloofs finalizing sale to Seattle group

RipCity32

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Is kinda dumb though, LA and Sacramento Kings.
 

jonathanlambert33

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It sucks cuz Seattle needs a team but so does Sacramento.
 

jonathanlambert33

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We can't be having Oklahoma City and Kansas City...
 

Pugz

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the kings were kc's first.
 

jonathanlambert33

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I know, but OKC and KC...man lol
 

Pugz

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KFC is what i need
 

jonathanlambert33

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I don't care what they are called they're awesome lol
 

Pugz

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my grandpas were better :(
i wish i learned how to cook them before he passed.

ok, back on topic lol. any updates on the move?
 

jonathanlambert33

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Last I heard some guy named Burkle wants to have a shot at bidding for the team.
 

Pugz

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The Sacramento Kings will be sold to an ownership group that will move the franchise to Seattle for $525 million, according to a source.

The source also said that the Maloof family will have no ownership stake or decision-making within the franchise, which has been a reported point of contention during negotiations.

Yahoo! Sports reported on Wednesday that a deal to sell the Kings to the Chris Hansen-led Seattle group was nearly complete for $500 million.

The Kings would need to file a relocation request by Mar. 1 in order to play in Seattle during the 13-14 NBA season.
 

jonathanlambert33

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[background=rgb(242, 246, 248)]@KING5Sports: Comcast @MSteinmetzCSN tweets Kings sale is done deal. $525M price & Maloofs are out altogether. KING5 working to confirm.[/background]
 

jonathanlambert33

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Still going...

http://espn.go.com/nba/story/_/id/8864092/sacramento-kings-owners-reach-agreement-seattle-group-buy-team-sources-say

ESPNSteinLine Marc Stein
Kings deal to Seattle group still requires formal NBA ratification but Hansen group intends to file for relocation by March 1 if approved

ESPNSteinLine Marc Stein
ESPN sources say no agreement yet reached on remaining 35 percent of Kings shares, which are held by minority investors, NOT Maloofs
 

Pugz

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seattle superkings
 

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