If the bid to purchase the Kings was a head-to-head poker game between Seattle and Sacramento, then the group representing the Seattle bid just raised their bet. Late Friday, the Seattle group led by hedge fund manager Chris Hansen announced they reached an agreement with the Maloof family to purchase the Kings franchise for an NBA-record $550 million. The news ... Read More »
Less than 24 hours after business magnate Ron Burkle dropped out of the Sacramento group seeking to buy the Kings due to a conflict of interest legality, the Sacramento Bee reported that a new investor, real estate developer Mark Friedman, joined the foray on Tuesday. Friedman joins Golden State Warriors minority owner Vivek Ranadive, 24 Hour Fitness founder Mark Mastrov ... Read More »
The Sacramento contingent planning to buy the Kings franchise in order to keep the team in Sacramento will be down one partner, as USA Today reported that business magnate Ron Burkle is no longer part of the group due to a conflict of interest that violates NBA league rules. “Ron Burkle is no longer part of the Sacramento group because ... Read More »
The cities of Seattle and Sacramento will square off against each other in New York, but it won’t be at Madison Square Garden. Presenters representing both cities will argue their case for the Kings franchise in front of an NBA relocation and finance committee at the St. Regis Hotel in Midtown Manhattan. An investment group, led by hedge fund manager ... Read More »
The LA Times reported that Los Angeles Lakers guard Kobe Bryant will be probable against the Sacramento Kings on Saturday night while point guard Steve Nash remains questionable. In short, the Lakers could have one or both of their starting backcourt in uniform as they seek to close out a four-game road trip on a winning note at the Sleep ... Read More »
Sacramento Mayor Kevin Johnson announced on Monday that Paul Jacobs, CEO of the San Diego-based telecommunications company Qualcomm, has joined the group vying for ownership of the Sacramento Kings. The news comes just weeks before the potential owners, who include Bay Area investors Mark Mastrov, Ron Burkle, Vivek Ranadive in addition to Jacobs, are scheduled to meet in New York ... Read More »
Sacramento Mayor Kevin Johnson says that the city has come to a preliminary agreement with Burkle-Mastrov-Ranadive group on a public-private partnership to build a new downtown arena in hopes of keeping the Sacramento Kings in Northern California, as announced on his Twitter account. Costing about $448 million, the new arena would be located at the Downtown Plaza location. The City ... Read More »
It took a 43-point effort from the entire Los Angeles Lakers bench to help beat the Sacramento Kings 113-102 on Sunday night at the Staples Center—all two of them—Antawn Jamison and Steve Blake. Without star guard Kobe Bryant in the lineup, who was ailing with a flu and a sprained left ankle he suffered last Wednesday, Lakers head coach Mike ... Read More »
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