Found January 21, 2013 on Pro Sports Daily:
The Sacramento Kings and the National Basketball Association announced on Monday that the sale of the team to a Seattle investment group has been finalized. It is now under league review for approval, which could take place in a few weeks. The Maloof family, which owns the Kings, confirmed the sale in a statement released on Monday. "The Maloof family announced today that an executed purchase and sale agreement has been reached to sell the family's interest in the National Basketball Association (NBA) Sacramento Kings to a group led by investor Chris Hansen," the statement said. "The transaction requires approval by the NBA's Board of Governors and therefore no comments or details regarding the agreement will be released. "We have always appreciated and treasured our ownership of the Kings and have had a great admiration for the fans and our team members. We would also like thank Chris Hansen for his professionalism during our negotiation. Chris ...
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