Seattle investor eyes Kings

Discussion in 'Sacramento Kings' started by truebluefan, Jan 9, 2013.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    Investor Chris Hansen, who has a deal to build an arena in Seattle to lure an NBA team, has contacted the Maloof family about buying the Sacramento Kings, people with knowledge of the situation said Wednesday.

    The people spoke on condition of anonymity because no deal has been reached.

    One person says the Kings could sell for more than $500 million. The Kings' future in Sacramento has been uncertain because the Maloofs and the city haven't been able to come up with a long-term arena solution.

    Yahoo! Sports first reported the discussions between the Kings and Hansen. Yahoo! reported a possible sale could land the Kings in Seattle for the 2013-14 season.

    A source close to the Maloofs, however, insisted to ESPN that an agreement has not yet been reached and that the Maloofs are still unsure whether they want to sell the team.

    Read more http://espn.go.com/nba/story/_/id/8...seeking-buy-sacramento-kings-according-report
     
  2. EPJr

    EPJr Producer Staff Member Producer

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