Maloofs want to sell Kings, but maintain piece of controlPosted by Inside Hoops
The family that owns the Sacramento Kings wants to maintain a say in how the team is run if they sell it to Chris Hansen, creating a possible snag in the sale negotiation, an NBA source told The Seattle Times.
The Maloof family has owned the team since 1998, and brothers Joe and Gavin have been particularly involved and visible presences in the franchise since day one.
An initial Yahoo! Sports report on the sale, since confirmed by others, is that the family would retain a small percentage in the team. But the question now, according to the source, is whether that percentage also would allow the Maloofs some say in how the team is run.
The source said it goes beyond dollars and cents and stressed how important being involved in the NBA has been to the family.
– Reported by Bob Condotta of the Seattle Times