Report: Maloofs finalizing deal to sell Kings to Seattle group
The Maloofs are reportedly finalizing a deal to sell the Kings' franchise to the Hansen-Ballmer group.
The Maloofs have struggled to find a way to move their team to Anaheim, California and Virginia Beach, Virginia in the past year and a half.
Yahoo Sports' Adrian Wojnarowski is reporting they are now finalizing a deal to sell the Sacramento Kings to the Seattle-based Hansen-Ballmer group:
The Maloofs are finalizing an agreement to sell the Sacramento Kings to the Hansen-Ballmer led Seattle group, sources tell Yahoo! Sports.— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013
The deal will sell the Kings for approximately $500 million, with the Seattle group seeking relocation to Key Arena for the 2013-'14 season.— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013
David Stern has mentioned recently that he wants to bring a team back to the city of Seattle, where the Sonics/Thunder franchise once resided, before his tenure as NBA commissioner is done. This would certainly solve that issue.
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