Originally posted on Next Impulse Sports  |  Last updated 1/9/13
Rumors began swirling late Tuesday night about a possible sale of the Sacramento Kings to a Seattle ownership group led by Bay Area hedge fund manager Chris Hansen. Now, it appears the rumor are true. Multiple sources are reporting that that Maloofs are finalizing a deal with Hansen that would allow for the Kings to relocate to Seattle for the 2013-14 season, and play two seasons in KeyArena while a new arena is built. The Maloofs are finalizing an agreement to sell the Sacramento Kings to the Hansen-Ballmer led Seattle group, sources tell Yahoo! Sports. — Adrian Wojnarowski (@WojYahooNBA) January 9, 2013 The deal will sell the Kings for approximately $500 million, with the Seattle group seeking relocation to Key Arena for the 2013-’14 season. — Adrian Wojnarowski (@WojYahooNBA) January 9, 2013 The Seattle group’s plans, with support of the NBA, is to play two seasons in Key Arena before moving into a new Seattle arena, sources say. — Adrian Wojnarowski (@WojYahooNBA) January 9, 2013 No agreement signed, but one source describes deal as “1st and goal at 1.” Maloofs history of changing course late still makes many uneasy. — Adrian Wojnarowski (@WojYahooNBA) January 9, 2013 The Maloofs are expected to keep an extremely small percentage of team, but will have no real input or say in franchise, sources say. — Adrian Wojnarowski (@WojYahooNBA) January 9, 2013   I am just going to say this – The Maloofs and Hansen’s Group have been talking for a while. Things have heated up in last 24 hours. — Chris Daniels (@ChrisDaniels5) January 9, 2013 [@WojYahooNBA, @ChrisDaniels5] Article found on: Cosby Sweaters
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