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.
Kings To Be Sold For $525M, Maloofs Completely Out
Posted January 11, 2013 - 10:08 AM
Posted January 11, 2013 - 10:39 AM
Can't wait till Sonics vs Thunder @ the Key Arena! wooo!
Posted January 11, 2013 - 02:25 PM
Oh and not a sneakerhead at all but damn if I were a Sonics fan...
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