Billionaire and owner of the NHL’s Pittsburgh Penguins, Ron Burkle, and founder of the 24 Hour Fitness chain, Mark Mastrov, are serious candidates to keep the Kings in Sacramento.
According to Ryan Lillis, The Sacramento Bee:
Billionaire Ron Burkle and Bay Area investor Mark Mastrov are in serious discussions to team up on a bid to buy the Sacramento Kings and partner with the city of Sacramento on a plan to help finance a new downtown sports arena, The Bee has learned.
A source familiar with the negotiations told The Bee that Burkle and Mastrov are both committed to keeping the team in Sacramento and building the Kings into a contender.The teaming of Burkle and Mastrov is seen by city officials as a “dream team” counter offer to the group that this week agreed to buy the Kings and move the franchise to Seattle, the source said.
Johnson plans to partner deep-pocketed investors such as Burkle and Mastrov with a group of local investors when he makes his pitch to the NBA seeking to ...