Arena Signature drive funds originated by law firm representing Maloof family
- Thread starter Hoovtrain
- Start date
Also, why would the Maloofs be bitter about how it played out? ddn't they get their money? I was under the belief that they collected a 535 valuation in addition to keeping HBN's 30 mil non-refundable deposit.. If this is the case the only reason they could be angry with how things turned out is that the team remained here, and if that's the case I'd have to feel sorry for them because of how vile they are
Doubt that Loeb and Loeb reveal the source. They'll invoke the attorney-client privilege. And of course pay fines and settle this out of court. With their client paying all the fines of course. But this was a stupid move on their part.
Just for kicks lets say this wasn't the Maloofs who had them wire the money... what sort of judgement does that show taking a risk that if it ever became public? the Maloofs would be suspect #1. Just decline to do the transfer for them because they would lose a high paying client in the Maloofs over such dealings. You can't claim that Loeb is ignorant of this situation. They have spent years working the Maloofs deals from Anaheim to Seattle. And likely many years before that.
And I know Tab Berg didn't get paid what he was supposed to do. But man did he cut and run today in a flash. I think because he knew that this was going to unravel and it was going to be bad for his reputation. Otherwise he would stick it out because he knew the source of the funds wasn't that big of a deal. There is stink here and it's a familiar stink.
So a family who is know to hold grudges and openly detest KJ and would like to see his reputation take a hit? Or do we have another group with a strong desire to see the arena fail? And one who was savvy enough to hire a law firm that was widely associated with the Maloofs.
Which one requires taking the fewest assumptions? I can guess, but Occam's Razor I have found is pretty reliable.
Parting shot, the Maloof angle is the eye catcher of this drama. But at this point it won't make much difference. A lot of damage has piled up on the STOP campaign. Probably too much for them to recover. So the Maloof question is a curiosity more than a game changer now.
Just for kicks lets say this wasn't the Maloofs who had them wire the money... what sort of judgement does that show taking a risk that if it ever became public? the Maloofs would be suspect #1. Just decline to do the transfer for them because they would lose a high paying client in the Maloofs over such dealings. You can't claim that Loeb is ignorant of this situation. They have spent years working the Maloofs deals from Anaheim to Seattle. And likely many years before that.
And I know Tab Berg didn't get paid what he was supposed to do. But man did he cut and run today in a flash. I think because he knew that this was going to unravel and it was going to be bad for his reputation. Otherwise he would stick it out because he knew the source of the funds wasn't that big of a deal. There is stink here and it's a familiar stink.
So a family who is know to hold grudges and openly detest KJ and would like to see his reputation take a hit? Or do we have another group with a strong desire to see the arena fail? And one who was savvy enough to hire a law firm that was widely associated with the Maloofs.
Which one requires taking the fewest assumptions? I can guess, but Occam's Razor I have found is pretty reliable.
Parting shot, the Maloof angle is the eye catcher of this drama. But at this point it won't make much difference. A lot of damage has piled up on the STOP campaign. Probably too much for them to recover. So the Maloof question is a curiosity more than a game changer now.
Exactly. This is a big deal to the Maloofs. I see some of the media and very few fans discounting their involvement by saying "What's in it for them?". The brothers have always reacted with emotion in business dealings. To them it's a little bit of money to buy back a chance to say their were right about Sacramento.
I think it stops at Loeb & Loeb. They will never reveal whose money it was as that would damage their reputation worse than anything that's happened so far. The worst they can suffer is getting fined. And honestly it doesn't matter. The damage is done to STOP.
Worked out pretty well I would say.
I think it stops at Loeb & Loeb. They will never reveal whose money it was as that would damage their reputation worse than anything that's happened so far. The worst they can suffer is getting fined. And honestly it doesn't matter. The damage is done to STOP.
Worked out pretty well I would say.
This exactly something the maloof's would do. they're spiteful, vengeful people. They killed every arena deal we came up with. They went behind the backs of everybody in Sacramento, trying to sell the team to any other owner who will move the Kings. Virginia Beach, Anaheim, Seattle, etc. Never once did they give any Sacramento group a chance to compete until Mayor Johnson forced their hand. They hold a grudge and this is exactly what *******s like these would do.
You would have to think that Vivek and Co. would have put some type of language in the purchase contract that the Maloofs could not interfere with city negotiations or that would be a breach of contract of some sort.
The Kings lawyers should of had something in writing stating that the Maloofs would no longer interfere with city negotiations, I would hope at least.
It there is such language in the purchase agreement, and the Maloofs did give the money, then hopefully vivek and co can sue the Maloofs for some big money.
The Kings lawyers should of had something in writing stating that the Maloofs would no longer interfere with city negotiations, I would hope at least.
It there is such language in the purchase agreement, and the Maloofs did give the money, then hopefully vivek and co can sue the Maloofs for some big money.
While not saying it isn't the Maloofs, we are jumping the gun here. Its an Orange County law firm that probably has a lot of rich clients. Still, maybe we'll know more when the contribution is reported as required.
Not getting the Macy's Men's Store site cannot block arena development. They are all the room they need to build the arena. I think they'd like to use the Macy's MS site, because it would put the arena right next to 5th street. But that's a preference, not a do or die problem for building the arena.
Whether or not they want to use that particular piece of land for the arena or not, they have said they want it for their overall redevelopment of the Downtown Plaza site.
Not getting the Macy's Men's Store site cannot block arena development. They are all the room they need to build the arena. I think they'd like to use the Macy's MS site, because it would put the arena right next to 5th street. But that's a preference, not a do or die problem for building the arena.
Whether or not they want to use that particular piece of land for the arena or not, they have said they want it for their overall redevelopment of the Downtown Plaza site.
There's an old saying in the law that there are no coincidences. How many law firms are there in Southern California? And what are the odds a totally-unrelated party would be using the same legal team as the one that helped the Maloofs torpedo the previous arena deal to try and torpedo the current arena deal?
My thought is still that this is exactly the kind of thing the Maloofs would try to do. Get their money, make their escape and then try to destroy the future of the person they blame for them having to settle for selling to Vivek and Co. I'll never be convinced they didn't have more stuff planned for the Hansen/Ballmer deal, more stuff that would have kept them involved in the spotlight in some way...
My thought is still that this is exactly the kind of thing the Maloofs would try to do. Get their money, make their escape and then try to destroy the future of the person they blame for them having to settle for selling to Vivek and Co. I'll never be convinced they didn't have more stuff planned for the Hansen/Ballmer deal, more stuff that would have kept them involved in the spotlight in some way...
Unless somebody talks to save their skin, Loeb & Loeb will never tell. They'll take the hit for the client and pay a fine. Billable to their client of course. They made their decision knowing that there was a chance it could be traced back to them. So I hope they take a lot of heat over this. Wiring money is not a big deal, but hiding the source of the funds and not filing the proper paperwork makes them look like they have dirty hands. I hope this was worth whatever little money they got for their involvement.
Whatever hit the Maloofs are taking right now, they have earned over the years by sandbagging this city. So they've earned the top spot as suspect #1. They have earned the suspicion, but not much else until somebody involved names the source. Although at this point, it's only served to put STOP at the longest odds of success they have yet faced. So wherever the money came from, did more harm than good.
Whatever hit the Maloofs are taking right now, they have earned over the years by sandbagging this city. So they've earned the top spot as suspect #1. They have earned the suspicion, but not much else until somebody involved names the source. Although at this point, it's only served to put STOP at the longest odds of success they have yet faced. So wherever the money came from, did more harm than good.
