Investor Chris Hansen, who has a deal to build an arena in Seattle to lure an NBA team, has contacted the Maloof family about buying the Sacramento Kings, people with knowledge of the situation said Wednesday.
The people spoke on condition of anonymity because no deal has been reached.
One person says the Kings could sell for more than $500 million. The Kings’ future in Sacramento has been uncertain because the Maloofs and the city haven’t been able to come up with a long-term arena solution.
Give it five years, and could we see similar stories surrounding the Bobcats?Read full article » Comments Off