Found May 15, 2013 on
The Juicy Online:
The Hansen-Ballmer group, who is attempting to bring the Sacramento Kings to the City of Seattle, has a secret plan to relocate the team if the NBA keep blocking the move.According to a source, the group isn't taking no for an answer, as the NBA relocation committee voted to deny the relocation. The Seattle based investor group not only will increase their bid for the franchise [twice] but said that if the NBA voted to reject the sale, they had a backup agreement with the Maloof family, current owners of the Kings, to buy 20% stake ownership in the team. The purchase would make the investment group minority investors.If that happens, they [the Maloof family] wouldn't need the NBA approval to swap shares of the franchise [give shares of the franchise to the Hansen-Ballmer group] unlike the current scenario where the NBA would have to agree to allow them to purchase any stake in the Kings.The NBA is aware of the backdoor move, and one NBA owner reportedly told CBS Sports that the deal doesn't make "no sense".Asked an owner today if Hansen backup plan with Maloofs is a game-changer. ”It doesn't make any sense to me,” he said.— Ken Berger (@KBergCBS) May 14, 2013If the NBA wanted to allow the Seattle based Hansen-Ballmer group purchase the Kings, they'd most certainly do so by allowing them to buy the originally agreed upon 65% as the last thing the NBA wants.The NBA will meet in Dallas on Wednesday and make their decision about the relocation of the Kings, which will most likely be rejected.... ONCE AGAIN.
BEST OF MAXIM
After the Board of Directors declared that the Kings would be staying in Sacramento, USA Today's Sam Amick pieced together notes explaining the reason why.
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...
RUN AND HIDE
Sacramento Kings owner George Maloof reportedly was chased into a closet by the media after the NBA owners had a relocation vote.
The Sacramento Kings are staying in California's capitol. That comes after the NBA's Board of Governor rejected the relocation bid which would have moved the team to Seattle.
The vote was 22-8 in favor of keeping the team in Sacramento. NBA Commissioner David Stern did not reveal which teams voted to allow the move. Stern said the next step is meeting with the Maloofs...
Just when you thought that the Sacramento Kings saga couldn’t get anymore insane, one of their owners got chased into a closet by members of the media attending the NBA Board of Governors meeting in Dallas.
After George left a meeting regarding the possible relocation of the Sacramento King to Seattle, he got ambushed by a group of reporters and the fine folks over at Sactown Royalty...
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.
The NBA Board of Governors has voted down a bit to relocate the Sacramento Kings to Seattle, according to a report from USA Today's Sami Amick.
The Maloofs had agreed to sell the Kings to a group led by Chris Hansen and Steve Ballmer who had planned on moving the franchise to Seattle as a replacement for the departed Sonics.
Mitch Levy of KJR reports that 22 teams voted for the...
While we’ve been covering this pretty extensively over the past few weeks and everyone knew this was coming, the NBA officially killed the Sacramento Kings’ proposed move to Seattle on Wednesday. The NBA owners voted Wednesday to reject the move with a 22-8 vote.
Until now the NBA’s relocation committee had simply recommended the league reject the move. Now that the owners...
((HT: News10.net/USAToday Sports))
After voting and going behind closed doors at the Hilton Anatole hotel in Dallas, the NBA relocation committee and owners have decided to stay in town with the future with the Sacramento Kings, according to USA Today Sports and their Twitter. The more interesting reaction will be from the Hansen-Ballmer group now as the league and its members...
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.
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...
The Portland Trail Blazers sit wedged between two warring NBA cities.
Make that one NBA city warring with Seattle for courting their team. Sound familiar?
You've got to feel for them both.
No city wants an identity as a stepping-stone, or ignorant rube, but that's what happened when Portland's superior sister flushed a major sport out of town.