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Thursday, January 10th, 2013 at 5:40 pm  |  8 responses

Sacramento Kings Owner Says Sale of Team to Seattle Group Isn’t Close


Despite published reports of a sale and eventual move to Seattle, according to George Maloof (one of the co-owners of the Sacramento Kings), the deal isn’t even remotely close to being complete. Indeed, this saga continues … Per News10 and the Sacramento Bee: “George Maloof [says] a deal to sell the Kings to Seattle group is not close.”

“A potential snag was reported today in the Maloof family’s negotiations to sell the Sacramento Kings to a Seattle financier – although a source close to the family continues to insist the two sides haven’t even yet discussed a purchase price. The Seattle Times, citing an unnamed NBA source, said the Maloofs are insisting on maintaining some kind of say in how the team is run after it is sold and relocated to Seattle. The Times and Yahoo Sports have reported that the Maloofs would retain a small ownership stake in the team; the new report by the Times says the family wants to maintain some kind of operational control, as well. Nonetheless, a source close to the Maloofs told The Bee today that the family hasn’t had contact with Seattle financier Chris Hansen since just before Jan. 1 and hasn’t received an offer for the team. ‘I fully expect we will see something,’ said the source, who is not authorized to speak publicly. The source added that the Maloofs don’t necessarily want to sell, but would listen to offers. [...] Sacramento Mayor Kevin Johnson told reporters Wednesday, after news broke of a possible sale, that there are several potential bidders interested in buying the Kings and keeping the team in Sacramento.”

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  • roscoe

    talk about kicking up the dust… ~cough cough cough~

    so, basically SAC ownership is getting everyone hot & bothered so they get off the dime & make a sweet deal for them & whether that is in SAC/SEA/elsewhere is anyone’s guess.

    i would not doubt SAC ownership wants to stay in SAC, but it is all about the deal/arena.

    WoW. this seems to have the touch of the commish’s magic wand.

  • LakeShow

    okay…

    Thanks for lying… Everyone.

    Naw, i’m sure it’s going to happen, but it’s funny how things work in this world.

  • Matt Era

    jesus is dwight howard chief negotiator for the maloof group

  • robb

    boooooooo

  • https://twitter.com/jasontichenor Mr. Wet

    They should sell the team to the NBA first.

  • deo

    and kobe will finally trust his teammates, ur welcome douce

  • Anthony Dixon

    they should just put the team in NJ…..

  • Max

    LMAO

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