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 »
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 »
Sacramento Mayor Kevin Johnson vowed to do everything in his power to keep the Sacramento Kings in California’s capital city, and now, it appears he is making good on that promise. On Tuesday, Johnson made an announcement via Twitter that there would be major news out of city hall, and Ryan Lillis of the Sacramento Bee reports that a potential ... Read More »
Sacramento Mayor Kevin Johnson has vowed to fight to keep the Sacramento Kings home in Northern California, despite Joe and Gavin Maloof’s sale of the team on Monday. His latest statement via Twitter has given fans a glimmer of hope: big announcement to come @ 2PM city hall… #playingtowin — Kevin Johnson (@KJ_MayorJohnson) January 22, 2013 It’s hard to picture ... Read More »
The Sacramento Kings may finally have some closure to their ongoing saga involving the potential sale and relocation of the franchise to Seattle. According to ProBasketballTalk, the Seattle-based group led by Chris Hansen is prepared to announce that they have reached a tentative agreement with the Maloof family to sell the Kings for $525 million. Sports Out West has covered ... Read More »
The NBA assured Mayor Kevin Johnson that Sacramento will have a chance to counter any offer made in the potential sale of the Sacramento Kings franchise, according to the Seattle Times. As the unrest in Northern California mounts, Johnson has been a steady force in his hometown, ensuring that he’s followed through on his promise to do everything in his ... Read More »
The Sacramento Kings may not be heading to Seattle after all. According to reports on Friday, a group of investors from the Bay Area headed by Mark Mastrov, founder of the 24 Hour Fitness chain, are now a part of the bidding war for the Northern California team. According to Mastrov in comments to The Sacramento Bee, his group wants ... Read More »
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