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  1. #1
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    Kings sold to Seattle ownership group

    stein
    Just going online now: Maloofs have struck deal to sell 65 percent of Kings to Chris Hansen group in Seattle for $525 million, sources say
    holy ****! they get to keep 35% and they make 525mil!!!!

  2. #2
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    Maloofs only own some 50 something percent. Part of the 65% is coming from other minority owners. Maloofs retain nothing.

  3. #3
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    Maloofs = MaScums...

    Dathomir Rancors (4-2)

  4. #4
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    Marc Stein ‏@ESPNSteinLine

    Kings deal to Seattle group still requires formal NBA ratification but Hansen group intends to file for relocation by March 1 if approved
    I give less then 5% chance it does not get ratified. Stern and others want team back in Seattle to bad and want this Kings mess to be in the past to much to risk someone else not being able to close deal.

  5. #5
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    Lol Seattle was desperate. Kings aren't worth that much.

  6. #6
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    wow but good job seattle
    Quote Originally Posted by Munkeysuit View Post
    Rondo #1 PG in the league ...he has a ring to prove it.
    Quote Originally Posted by Blitzbolt View Post
    Wall will win more and will be better then Irving Quote me.
    Quote Originally Posted by bearadonisdna View Post
    u can't build a franchise around lebron. Its been proven already. he can't attract players and has to follow to be matched up with talent.

  7. #7
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    ^yep.
    ESPN sources say no agreement yet reached on remaining 35 percent of Kings shares, which are held by minority investors, NOT Maloofs

  8. #8
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    It aint over til it's over. Kevin Johnson and Sacramento will present the NBA with a matching offer.

  9. #9
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    Damn. I'd hate to see Sacramento lose their Kings

  10. #10
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    It is over. Kevin Johnson got his hail marry already, lightning will not strike twice. Welcome back Seattle Super Sonics. I look forward to the revival of the I-5 Rivalry next season.

  11. #11
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    65% 525 million? The Kings?

    These buyers almost always turn around a profit in these deals, but it seems the Maloofs got away with murder if that's true.

  12. #12
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    My Mike Bibby kings guernsey is really going to be out of date after this off season

  13. #13
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    Quote Originally Posted by tredigs View Post
    65% 525 million? The Kings?

    These buyers almost always turn around a profit in these deals, but it seems the Maloofs got away with murder if that's true.
    maloofs will have to pay 75mil if the team leaves, so its more like 450mil.

  14. #14
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    Good for Seattle.
    As if Cousins wasn't depressed enough, now he has to play in the depression capital of the USA. It's gonna do wonders for his game.

  15. #15
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    jesus!
    Sources say deal calls for Maloofs to receive non-refundable $30 million from the Hansen group by Feb. 1 whether or not sale is approved

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