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Thursday 10 January 2013

Seattle Negotiating Group to buy Sacramento Kings



Person sport Hansen USA Today Group Ballmer talks between the team and the Maloof family name on condition of anonymity because of the private nature spoke.but no, there is no immediate indication of a possible time to complete.

Yahoo! Sports first reported that the group Hansen Ballmer on Wednesday morning to finalize a deal to buy the team for $ 500 million and will be played in the first two seasons in Seattle Key Arena, before a new arena is built.

Maloofs missing from their own arena lately, did not participate in the game and allow their employees to believe that the sale or pull was on the way. A person with knowledge of the situation said Kings Sports USA TODAY became minority owners of the team not informed of the sale by early Wednesday afternoon. The man, who spoke on condition of anonymity because of the delicacy of the situation. The man said the agreement properties dictate minority owners should know that the sale is closed.

Maloofs issued a statement through a representative family of Erik Rose: "As we have said in almost a year, we wrote several cities and stakeholders in the organization Sacramento Kings message yesterday from Virginia Beach does not change our long-term positions that we will not comment. Rumors or speculation about the franchise. "

According to two people, who spoke on condition of anonymity because of the delicacy of the situation, league sent a memo Wednesday to owners warning them not to comment on the situation Sacramento. The note had no information on the status of any negotiations.


The contract fell 11 hours alone in front of Kansas City came from the Sacramento Kings in 1985, was almost Anaheim in March 2011. Agreement was reached on a platform Sacramento Maloofs policy and cried tears of joy when he concluded, even when it appears almost a year ago to happen again. Weeks later, however, Maloofs contract retreated after the decision for their family is not financially feasible.

Sacramento Mayor Kevin Johnson and City Council did not. Wednesday afternoon, he wrote: "Bottom line, Sacramento: This is not over ... # keepthefaith # playingtowin". Sacramento team that he would be willing to work to potential buyers in Sacramento said Wednesday afternoon press conference.

In the 2007-08 season, leaving Seattle SuperSonics Oklahoma City Thunder of the NBA's wrong. In October, Seattle and King County government officials from taxpayers 200 million U.S. dollars of the 490 million dollar arena in Seattle approved a deal to create. According to the contract, rent from public funds and on stage by a combination of taxes paid back. If tax revenues fall below projections, www.seattle.gov questions about the platform "used platform teams, in addition to the payment of rent to the deficit."

Hansen Group and sailors Seahawks play in the next stage in the theater district, the need to create.

Södö one and only one block away from the Puget Sound area is - the - arena too, especially the local Longshore Workers Union, which is another arena in downtown South brought its opposition to October. "Great working class jobs" influence.

It's no secret the NBA back to Seattle like a team. Seattle franchise to Oklahoma City loss in the league a black eye. NBA Commissioner David Stern, who retired during the 2013-14 period will leave Seattle NBA team happy with their work.

"Very serious, we believe that it is a good development at Seattle, and we're excited about it," Stern October meeting of the NBA Board of Governors said, but adding, "but it is not the current team game, and it is a Question owners will be taken into consideration. "

Kings league has been from the beginning. In 1949, the franchise, the Rochester, New York is one of 17 new league, the American Basketball Association and the National Basketball League compound was created by the charter members.

Royals, as they were called, finally, the Cincinnati Royals, Kansas City - Omaha Kings, and became the Kansas City Kings.



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