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Kings To Be Sold For $525M, Maloofs Completely Out

Started by TheOriginalCZM , Jan 11 2013 10:08 AM

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8 replies to this topic

#1 TheOriginalCZM

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Posted January 11, 2013 - 10:08 AM

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The Sacramento Kings will be sold to an ownership group that will move the franchise to Seattle for $525 million, according to a source.

The source also said that the Maloof family will have no ownership stake or decision-making within the franchise, which has been a reported point of contention during negotiations.

Yahoo! Sports reported on Wednesday that a deal to sell the Kings to the Seattle group was nearly complete for $500 million.

Via Matt Steinmetz/Comcast


#2 Michaelyumm

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Posted January 11, 2013 - 10:39 AM

Nice! Bball back in Seattle. Even though the Sonics were a pain in our ass in the 90s, they have an amazing fan base!

Can't wait till Sonics vs Thunder @ the Key Arena! wooo!

#3 -Wade-

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Posted January 11, 2013 - 11:50 AM

This will be cool. ;D Sonics were the first team I ever saw ball professionally.

# "I make shots [expletive]. How much you wanna put on it? How much you wanna put on? 500 grand? What?" --Kobe Bryant

#4 Junayd

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Posted January 11, 2013 - 12:25 PM

Kingsgate documentary coming in Winter 2014.

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@MooMeezy | Tumblr
“i have more respect for a man that lets me know where he stands, even if he’s wrong.
than one who comes up like an angel but is nothing but a devil.”

#5 kobe8

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Posted January 11, 2013 - 02:25 PM

It can finally be a good day again.

Oh and not a sneakerhead at all but damn if I were a Sonics fan...

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#6 True Lakers Fan

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Posted January 11, 2013 - 02:38 PM

Ken Berger ‏@KBergCBS
Potential buyer Mark Mastrov tells @CBSSports he wants to buy the#Kings and keep them in Sacramento.


Edited by True Lakers Fan, January 11, 2013 - 02:38 PM.

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#7 ツ  

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Posted January 11, 2013 - 03:02 PM

so when are they gonna have games in seattle?
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#8 Hollywood

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Posted January 11, 2013 - 03:45 PM

Have they sold them? Are they staying or leaving?
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#9 fido

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Posted January 12, 2013 - 01:35 AM

Already have a thread for this.

http://lakernation.c...ling-the-kings/
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