Found May 13, 2013 on
The Maloofs continue to consider the possibility of selling the Sacramento Kings to a group that intends to keep the team from relocating to Seattle, according to a source.
Reports over the weekend indicated that the Kings have an alternative plan in place to sell a smaller stake to the Seattle-based group led by Chris Hansen.
But the Maloofs "still has that option," said a source of the Sacramento offer.
The Sacramento group is offering $341 million.
The Maloofs "intend to be loyal to Hansen to the bitter end," the source said. The Maloofs also do not feel that the Sacramento bid is complete or competitive.
BEST OF MAXIM
A committee of NBA owners re-examined the potential relocation of the Sacramento Kings to Seattle on Monday, and reports say they came to the same conclusion as before: the franchise isn’t moving. The relocation committee will recommend to the league’s owners that the Kings not be allowed to be sold to a Seattle-based group led by investor Chris Hansen and Microsoft CEO Steve...
The NBA's relocation committee met on Monday in regards to the future of the Sacramento Kings and did not change their position to keep the team from moving to Seattle, according to a source.
A final vote with all 30 owners is scheduled for Wednesday.
Vivek Ranadive is leading an ownership group trying to buy the Kings to keep them in Sacramento and to build a new arena.
NBA owners voted Wednesday to reject the Sacramento Kings' proposed move to Seattle, the latest in a long line of cities that have tried to land the franchise.
The 22-8 vote followed a recommendation made last month by the NBA's relocation committee and may have finally brought an end to an emotional saga that has dragged on for nearly three years.
A group led by investor...
News broke on Saturday that the Maloof brothers (Joe and Gavin) will only agree to sell the Sacramento Kings to the Seattle-based group headed by Microsoft CEO Steve Ballmer and Chris Hansen. If the NBA doesn’t approve a move to Seattle, the Maloofs apparently have a backup plan.
The crash-strapped brothers have made a backup agreement with the Hansen-Ballmer group to sell it...
The NBA has called a special Board of Governors meeting in Dallas this week in an attempt to sort out the Sacramento Kings saga. Owners (or their representatives) slowly trickled in throughout the day Tuesday, and we have some news to report:
First: Steve Ballmer is a rampaging bully who likes to throw money around.
Second: George Maloof still gives zero damns about everything.
More Money…More Problems
In a day and age where the internet is one of the facilitators of communication, it is now easier than ever to express your opinions, thoughts, and ideas (case in point, this article you are reading right now). From an expert in ornithology debating the exact extinction date of the Mauritian Shelduck, Alopochen mauritianus, to a three-year-old’s mom...