Seattle investor seeking to buy KingsPosted by Inside Hoops
Investor Chris Hansen has contacted the Maloof family about buying the Sacramento Kings, setting up the possibility of the NBA’s return to Seattle.
Hansen’s interest was confirmed Wednesday by people with knowledge of the situation. They spoke on condition of anonymity to The Associated Press because no deal has been reached.
One person said the Kings could sell for more than $500 million. The Kings’ future in Sacramento has been uncertain because the Maloofs and the city haven’t been able to come up with a long-term arena solution.
Yahoo! Sports first reported the discussions between the Kings and Hansen. Yahoo! reported a possible sale could land the Kings in Seattle for the 2013-14 season where the team would play at KeyArena as a temporary home until a new arena is constructed.
”I know as much as you do,” Seattle Mayor Mike McGinn said when asked about the situation. ”If it’s true, ain’t it cool?”
His counterpart in Sacramento thought the news anything but cool. At an afternoon news conference, Sacramento Mayor Kevin Johnson said Wednesday was significant because for the first time Kings fans know the team is for sale. Johnson said he would do all he could to try to find a buyer with a Sacramento connection to possibly purchase the team and keep it in California’s capital city.
– Reported by Tim Booth of the Associated Press