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 »
According to anonymous sources to USA TODAY Sports, Los Angeles-based billionaire Ron Burkle met with NBA Commissioner David Stern on Thursday in New York City to discuss his interest in buying the Sacramento Kings. In Sacramento the day before the meeting, Burkle met with Stern for about two hours and is hoping to surpass the agreement between the Maloof family ... 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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