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Sources: League Office Pushing For Maloofs To Sell Kings With Eye On Seattle


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#1 LALakersFan4Life

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Posted August 23, 2012 - 09:27 AM

Sources: Kings May Move To Virginia Beach, Arena Deal In The Works

The owners of the Sacramento Kings, an NBA franchise, and officials from Philadelphia-based Comcast-Spectacor are expected to be in Virginia Beach Tuesday to propose moving the team to the resort city and for Comcast to help build and lease a new pro sports arena.

A deal between the Maloof family, which owns the Sacramento Kings, and the city of Sacramento for a $391 million entertainment complex fell apart three months ago and it has been reported that the owners are looking for a city for their franchise.

Media giant Comcast will guarantee a 25-year lease on a new arena, supposedly for naming rights and for broadcasting the games, sources said. Comcast owns NBC and Global Spectrum, which operates arenas and stadiums across the country including the Ted Constant Convocation Center at Old Dominion University.

City officials and the Maloof family are expected to announce Wednesday, Aug. 29, that the Kings will land in Virginia Beach, sources said.

Virginia Beach-based Meridian Group, a marketing communications firm, is expected to handle the public relations for the announcement.

To finance the arena, the Virginia Beach Hotel-Motel Association has indicated it would support a $1 hike in the lodging tax, sources said.

In addition, the Atlantic Coast Conference has agreed to place Virginia Beach on its list as a future venue for college ACC conference tournaments.

A well-known concert promoter – Live Nation – is associated with the deal for the new arena and the team’s relocation to Virginia Beach, sources say.

The new arena will be built across from the Virginia Beach Convention Center, adjacent to the former Norfolk Southern Corp. rail track and a proposed site for a light rail station.

“Comcast, Live Nation and Global Spectrum have come to the city,” Virginia Beach Mayor Will Sessoms said last week. “They would guarantee us a professional sports team if the deal goes through.”

He said the arena would draw people to the area year-round. He would not confirm the team, but said that in a related project, a multi-star convention center hotel, “would probably be built by owners of the team.”

“I think the greatest thing coming out of this is that Comcast and Live Nation are for real,” Sessoms said.

Kevin Johnson, the mayor of Sacramento and a former NBA standout, has tried to keep the Kings in his city. The Maloofs have said they no longer trust Johnson and don’t want to work with him, according to ESPN in April, prior to the deal collapsing.

“You can’t do a deal with somebody you don’t trust,” George Maloof Jr. said, according to The Sacramento Bee. “I don’t trust him.”

Maloof said last week, “We have been approached by several cities over several years about moving the Kings and we will not comment other than that.”

Amid negotiations over the new entertainment complex in Sacramento, elected officials representing the city criticized the Maloofs, saying they’ve turned their backs on the city late in the game, the ESPN article said.

Chris Lehane, executive director of Think Big, the committee formed by Johnson to retain the Kings, compared dealing with the Maloofs to dealing with one of the world’s most inscrutable and widely criticized governments. Lehane, who stepped down from his position in June, at one point, asked U.S. Attorney General Eric Holder to investigate the Maloof brothers, according to a USA Today report.

Eric W. Rose, the Maloofs’ spokesman, said: “It is becoming clearer that the foundation of Think Big is built on fabrication and deception. The name of the organization should be changed to Think Big Fraud,” the USA Today article said.

The Kings’ standing in the western conference was the second worst behind the New Orleans Hornets for the 2011-2012 season.

The Kings have played at the Power Balance Pavilion, the Kings’ home since 1985, formerly known as ARCO Arena.

But the Maloof family has complained that the arena wasn’t suitable and demanded a new entertainment complex from Sacramento. The proposed city-owned complex would have been funded mostly by issuing a parking lease to a private vendor. Anschutz Entertainment Group would have been the operator.

The Maloof family also owns the Palms Casino in Las Vegas and other hotels as well as Maloof Productions and Maloof Music.

Hampton Roads has sought professional league sports in the past including major league baseball, hockey and the NBA. In the late 1990s, Norfolk almost became home to a National League Hockey team, but the expansion team ended up in Raleigh.

George Shinn, the owner behind the hockey league team, also considered Norfolk as a site for the Charlotte Hornets in 2002.

The team ended up in New Orleans.


http://insidebiz.com/news/sources-sacramento-kings-may-move-virginia-beach-arena-deal-works

Edited by LALakersFan4Life, October 26, 2012 - 09:46 AM.


#2 West Coast

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Posted August 23, 2012 - 09:30 AM

Well thats random.

Moving to the other side of the country is going to piss off current Queen's fans.

#3 Lagunero

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Posted August 23, 2012 - 09:35 AM

Virginia Beach beach. :laughing:

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#4 Michaelyumm

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Posted August 23, 2012 - 10:20 AM

Something different I see. Cool! go ahead :censored: the kings

#5 Busty Bluth

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Posted August 23, 2012 - 10:32 AM

Virginia Beach beach. :laughing:

LMAO.

Who moves from east to west or into the pacific?

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#6 Source24/

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Posted August 23, 2012 - 10:40 AM

Sounds like a bad place for a team. Why Virginia?

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#7 GenkiSushi

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Posted August 23, 2012 - 10:44 AM

Good for the city where they will move in and bad for sacramento, economics-wise.

#8 ggim125

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Posted August 23, 2012 - 10:57 AM

A type of move like this will definitely force the league to realign their divisions...some team from the East would have to go West (hopefully Seattle).

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#9 Cowboys&LakersFan

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Posted August 23, 2012 - 11:19 AM

Well thats random.

Moving to the other side of the country is going to piss off current Queen's fans.

Yup. For their sake I hope they remain where they are.
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#10 El Diablo

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Posted August 23, 2012 - 12:18 PM

LMAO.

Who moves from east to west or into the pacific?


I guess Portland comes back to the pacific but who takes their spot and who moves out of the southeast to make way for this team. Move might be too complicated or they'll shove teams where they don't make sense like Memphis and New Orleans in the southwest or OKC in the northwest.

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#11 epicwolf

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Posted August 23, 2012 - 01:09 PM

Take that crap of a franchise anywhere besides Southern California. We don't need anymore pro basketball team. I live 10 minutes from the Honda Center in ANaheim and it will be a nightmare if the Queens move next door to me.




btw, as the #1 Clipper hater, I also want the Clippers to be out of Southern California also.

MDA is an offensive genius. I hope he sticks to his guns and keeps doing what he does best: Run and Gun. That's the only way to coach.


#12 L.A.K.E.R

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Posted August 23, 2012 - 01:10 PM

The Maloofs are a joke. This move would obviously mean changing up the divisions, but we'd also need to move one Eastern team to the Western Conference. It would probably be Milwaukee.

#13 epicwolf

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Posted August 23, 2012 - 01:12 PM

The Maloofs are a joke. I am surprised they can even afford a franchise period. I thought their casino is going out of business?


MDA is an offensive genius. I hope he sticks to his guns and keeps doing what he does best: Run and Gun. That's the only way to coach.


#14 Windu

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Posted August 23, 2012 - 01:35 PM

move them to Queens, NY

Pau Gasol is GONE


#15 bigfetz

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Posted August 23, 2012 - 01:39 PM

How bout we just get rid of the franchise. I mean who cares its the queens.

#16 ツ  

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Posted August 23, 2012 - 01:57 PM

If that happens, would it cause any difference to the standings/conference since there would be 16 east teams?

#17 ggim125

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Posted August 23, 2012 - 02:00 PM

The Maloofs are a joke. This move would obviously mean changing up the divisions, but we'd also need to move one Eastern team to the Western Conference. It would probably be Milwaukee.


Really the only choice that makes sense if there are no other franchises that are going to relocate, even though that would be a pain logistically as the division the Bucks are in now are pretty close to each other (Chicago, Indiana, Cleveland, Detroit)

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#18 LALakersFan4Life

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Posted October 26, 2012 - 09:49 AM

Sources: League Office Pushing For Maloofs To Sell Kings With Eye On Seattle

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David Stern will retire on Feb. 1, 2014 as commissioner of the NBA, and one of his final goals is to bring a franchise back to Seattle, according to sources.

Stern has become an ally of Steve Ballmer's group. Ballmer has been trying to get the Maloof family to sell the Sacramento Kings.

Sources say the league office is putting increased pressure on the Maloofs to sell the Kings.

"Stern has enough time to get a team back to Seattle, but he'll let Silver deal with the crowd [booing] on opening night," said a source.


http://sports.yahoo.com/news/nba--david-stern-s-final-act--promote-the-myth-of-david-stern-25321709.html

#19 fido

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Posted October 26, 2012 - 05:01 PM

This would be a smart move for the Maloofs and the NBA.

#20 NasWutangKB24

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Posted October 27, 2012 - 01:25 PM

my good homie is related to the Maloof's....i think they are his uncles......ill ask him about it and see if he knows anything


he's not a big NBA fan which sucks because i'd probably get hooked up with tickets against Lakers if he was a fan

Edited by NasWutangKB24, October 27, 2012 - 01:29 PM.





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