Originally posted on Bloguin Best  |  Last updated 8/17/13
A few weeks ago, the news came out the law firm that represented the Maloofs in the bid to sell the Kings was involved in the campaign to oppose the new Sacramento arena. It did not look good. There is now clarification as to what the role of Loeb & Loeb, the law firm involved with the Maloofs, was in the campaign against the approved Sacramento stadium. Chris Hansen, the buyer the Maloofs had originally agreed to sell the Kings to and planned to move the team to Seattle, admitted in a press release that he had donated to a group that opposed the arena movement. I made a mistake I regret. When our binding agreement to purchase the Sacramento Kings became a competitive situation and we were faced with both the prospect of seeing our transaction fail and losing our $30 million deposit, I engaged Loeb & Loeb to canvas the various opposition groups to gain an understanding of their efforts and the prospects of their success. During this time I was approached through Loeb by the opposition about making a contribution to the opposition’s efforts as part of a broader group and agreed to make a donation. In this regard I would just like to highlight that I have never directly engaged with or even had any conversations or contact with STOP, Taxpayers For Safer Neighborhoods, or any the various consultants engaged in the Sacramento Arena opposition. It was also not my intent to be the primary financial sponsor of the opposition’s efforts. I merely agreed to make a donation to the opposition in what had become a competitive and heated process. Thanks for the clarification. Hansen said he is no longer providing any contributions to the organization opposing the arena in Sacramento and regretted the confusion and the decision to get involved in this way. The acrimony appears to be dying down as the plans for the Sacramento arena are moving forward and nearing finalization. [follow]
MORE FROM YARDBARKER

On the similarities between Kyrie Irving and Kobe Bryant

Sixers still open to trading Jahlil Okafor

Tickets for 49ers-Rams game at Levi's going for $14

Aaron Rodgers has funny quote on never beating the Bengals

Raul Mondesi sentenced to prison for corruption as mayor in Dominican Republic

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

WATCH: Youth football coaches engage in ugly brawl

Richard Sherman critical of NFL injury report: It is for gamblers

Adidas hooked Giannis Antetokounmpo up with an entire truck full of sneakers

Carmelo Anthony trade rumors suggest he’s headed to the Rockets soon

John Farrell may use David Price as temporary closer

Marvin Lewis threatens Bengals players with major changes

NFL Week 3 predictions

The 'MLB is as powerful as ever' quiz

After a decade in the WNBA, MVP Sylvia Fowles is ready for the spotlight

College football 2017 Week 4 predictions

10 teams that can unseat the Warriors for the 2018 NBA championship

NFL Referee Hotline: Mike McCarthy is sick of these calls

The 'Kevin Durant has mad (Twitter) handles' quiz

Baseball's most underwhelming teams of 2017

The 'Remember the tight ends' quiz

Ranking the best college football fan bases

Getaway Day: Time runs short as postseason nears

Sports & Politics Intersect: White House sticks it to sports

Kings News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Yardbarker Privacy Policy and Terms of Service. You can opt out at any time. For more information, please see our Privacy Policy.

NFL Week 3 predictions

After a decade in the WNBA, MVP Sylvia Fowles is ready for the spotlight

The 'MLB is as powerful as ever' quiz

10 teams that can unseat the Warriors for the 2018 NBA championship

College football 2017 Week 4 predictions

NFL Referee Hotline: Mike McCarthy is sick of these calls

Baseball's most underwhelming teams of 2017

The 'Kevin Durant has mad (Twitter) handles' quiz

Ranking the best college football fan bases

The 'Remember the tight ends' quiz

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker