Re: Mayor Kevin Johnson to present counter-offer to keep Kings
The Maloofs' plan to sell the Sacramento Kings to a Seattle group ran into a pair of hurdles Thursday – a possible counteroffer from America's third richest man and a potential legal challenge from at least one of the Maloofs' own limited partners.
Larry Ellison, one of the titans of Silicon Valley, is expected to meet soon with Sacramento Mayor Kevin Johnson about the Kings situation, according to Kings minority owner Bob Cook.
With Cook complaining the Maloofs have improperly shut limited partners out of the bidding, Ellison's potential interest in the team ramps up the drama even higher. The software tycoon is worth $41 billion and was an unsuccessful bidder for the Golden State Warriors in 2010.
-- Sacramento Bee