Deal Reached on Sale of Kings
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Category Archives: Sacramento Kings
N.B.A. Owners Vote to Keep Kings in Sacramento
The decision was expected, because the league’s relocation committee recommended several weeks ago that the owners not let the team leave Sacramento. In January, an investment group led by Chris Hansen struck a deal to buy the 65 percent of the team, which is owned by the Maloof family. Hansen … Continue reading
Higher Bid for Kings Adds Twist to Battle
But in the run-up to the vote, which will take place at the league’s board of governors meeting in Dallas, the two groups bidding for the Kings continue to raise the stakes. On Friday, the group led by Chris Hansen, a hedge fund manager who wants to buy the team … Continue reading
Sacramento Kings Are Likely to Stay Put
The league’s Board of Governors, which includes representatives from all 30 teams, will vote on the recommendation May 13, They are unlikely to overrule the relocation committee, which includes Peter Holt of the San Antonio Spurs and Clay Bennett of the Oklahoma City Thunder. For months, an investment group led … Continue reading
N.B.A. Still Weighing Sale of Kings
The N.B.A.’s board of governors will not vote on the sale of the Sacramento Kings until the week after next at the earliest, Commissioner David Stern said. The finance and relocation committees are still gathering information about the competing bids to buy the club, and they will probably recommend a … Continue reading
Money, Arena and India Play Into Sale of the Kings
The group led by Christopher R. Hansen, a hedge fund manager, and Steven A. Ballmer, the chief executive of Microsoft, had been thought to have the upper hand. It has a tentative agreement to buy 65 percent of the team from the Maloof family and approval to build a new … Continue reading
Money, Arena and India Play Into Potential Sale of Kings
The group led by Christopher R. Hansen, a hedge fund manager, and Steven A. Ballmer, the chief executive of Microsoft, had been thought to have the upper hand. It has a tentative agreement to buy 65 percent of the team from the Maloof family and approval to build a new … Continue reading
Two Investment Groups Present Pitches for Kings
“I feel like the entire city of Sacramento is here,” said Dave Weiglein, a radio commentator known as Carmichael Dave, who drove cross-country in the van to show that the Kings had many fans who wanted the team to stay put. To those in Seattle who hope that a group … Continue reading
Kings Fans Mobilizing to Thwart Seattle
“Fighting for our city, our fans and our Sacramento Kings,” reads lettering across one side. Dave Weiglein, best known locally as the sports radio commentator Carmichael Dave, has been leading grass-roots efforts for more than two years to keep his city’s only major professional sports team from leaving. Once again, … Continue reading
In Shadow of Heat, Nuggets Win 15th Straight
Kenneth Faried had 17 points and 9 rebounds for the Nuggets, who have won a franchise-best 17 straight at home. They did it without Ty Lawson and Wilson Chandler, who were hurt in a win at Oklahoma City on Tuesday night. Chandler separated his left shoulder, and Lawson bruised his … Continue reading
