Originally written on No Guts, No Glory  |  Last updated 1/9/13
Adrian Wojnarowski of Yahoo Sports is reporting that the Maloof family has agreed to sell the Sacramento Kings to a Seattle ownership group led by Microsoft CEO Steve Ballmer and hedge-fund manager Chris Hansen. Here are the details from Wojnarowski: 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 And of course, a word of caution because these are the Maloofs we’re talking about. No agreement signed, but one source describes deal as “1st and goal at 1.” Maloofs ...
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