Maloofs

Steve Ballmer “on a rampage,” playing Russian Roulette with Seattle’s NBA future

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It has been said throughout the Sacramento Kings saga that the presence of Microsoft CEO Steve Ballmer in Seattle’s ownership team has been a big plus as they seek to buy and relocate the team. Worth $15 billion according to Forbes and ranked No. 51 on its billionaire list, he and Chris Hansen were called [more]

David Stern sets the stage for final leg of the Sacramento Kings saga

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There is a lot to understand when it comes to the potential sale of Sacramento Kings.  As NBA commissioner David Stern laid out Saturday, the 29 owners deciding the Kings’ future home face a complex story involving a great ownership group in Seattle and a compelling story out of Sacramento. Seattle’s ownership group already has [more]

Kings ownership documents reveal major potential stumbling blocks for Seattle

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CORRECTION:  February 8, 2013 An earlier version of this post incorrectly referred to a May 2003 document as an addendum to the Kings’ 1992 ownership agreement.  The May 2003 document is self-described as a proposal, which, if approved, would constitute a basis for an amendment of the Kings’ partnership agreement.  The version of the May [more]

Sources: “Mega-Whales” Ron Burkle and Mark Mastrov in serious talks with Sacramento

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There aren’t a lot of people willing to give Sacramento much of a fighting chance to hold on to the Kings, but they’re not going down without a big money fight. Sources familiar with the situation tell ProBasketballTalk that “mega whales” Ron Burkle and Mark Mastrov are in serious talks with the city of Sacramento [more]

Sacramento mayor Kevin Johnson lays out framework for Kings to stay put

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With reports swirling that the Kings’ move to Seattle is a mere formality at this point, the story on the ground in Sacramento is much, much different. In the end, this story comes down to three things: 1. Can Seattle’s Chris Hansen close a deal with the Maloofs to buy the Kings? (According to reports, [more]