The Philippine Star newspaper is reporting that a wealthy Filipino business man is offering to buy the Kings for up to $275 million. Though the Maloof family, principal owners of the Kings, have largely kept mum in recent weeks, they did offer a text stating the newspaper report was wrong and that the idea of selling to anyone is "ridiculous." The Maloofs would not elaborate. But the news continues in that country.
Reports include how California of any state in the union has more Filipinos. The newspaper does not name a buyer, explaining only that "two high caliber financial consultants quietly arrived in Manila to explore a possible purchase of an NBA team." Though the Maloofs have endured financial woes in recent years and are negotiating with Anaheim officials to relocate to Orange County as soon as next season, the family has long maintained that it will not sell.
The family owned the Rockets and sold the franchise in 1982, a move they said they immediately regretted. They were not able to purchase another NBA franchise until 1997. Said Joe Maloof earlier this season, "We learned our lesson the last time we sold an NBA team and it took is a long time to get another one. We won't sell again."
KINGS 104, WARRIORS 103: Marcus Thornton scored 11 of his 21 points in the fourth quarter, including a long jumper with 12.6 seconds left for a four point lead before the Warriors hit a three at the buzzer and Sacramento halted a two-game losing streak with its last road effort of the season in splitting the season series with Golden State at 2-2. DeMarcus Cousins had 15 points and 13 rebounds before fouling out. Tyreke Evans and Jason Thompson each scored 14 for the Kings, who rallied from eight down in the fourth quarter.
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