Board of Gov Meeting Updates
- Thread starter ReinadelosReys
- Start date
Well stated. This is the net positive effect. The war right now is to do anything possible to deep six their efforts to move. Whether through changing other owners minds and votes about Sacramento or making the relocation fee too costly to manage. It's all about keeping the team here longer so that we can produce an approved plan to build a new arena. The Maloofs would have either stay or sell the team. Today I think they did some good on the votes. We'll have to let Jerry Buss go to work on making the fee as high as possible. The battle is now - over the next 72 hours. The Maloofs are feeling out votes and relo numbers. They won't file unless they are very confident that both will go their way.
Well, they presented second, after Anaheim touted their city. Its not a surprise that the owners, having all of that fresh in their minds were receptive. KJ--along with representatives from the ICON group and the Burkle ownership group, presented last. It is my hope--blind faith--that KJ being star he is, came through in the clutch and gave the committee at the very least something to think about.
Yeah...I think he MORE than did that today...as soon as he dropped the Ron Burkle bombshell...I think everyone in the room kind of went 'OH S%#&!' In fact, I think it was Amick that tweeted he saw Stern lean over to one of his constituents and whisper 'They've got BURKLE?!?' Yeah...I think Sacramento is back on the NBA map, and I think EVERY owner that is voting will think long and hard about this. The fact that Burkle is associated with Sacramento now tells the commish and the rest of the owners that Sacramento CAN compete with the big boys! I do believe that the Brothers Maloof are a little flustered right now!
Yup...they've got a lot of explainin' to do to the BOG's over the next 3 days...because everything they were trying to portray about Anaheim being better than Sacramento just got shot down by about 5 patriot missiles! You've got 4 players at the table playing high stakes hold em' right now...the Maloofs, Anaheim, BOG's and KJ...Stern is the dealer. KJ was dealt 2 aces, and turned over the ace of spades when he played the Burkle card. Keep it comin' mayor, you're playing great!!!!
I'm hoping for burkle to buy the kings, a new owner would shake things up in sactown rejuvenate the fanbase give us something to look forward to in the future. The Arena I dont know the prblem or the catch there, but it can be settled once we have a truly dedicated leader ushering it in... I give MAJOR Props and respect to Major KJ.
And all of this makes KJs comments several weeks ago about throwing in the towel all of the sudden very interesting. Has he been reading some Art of War? Because clearly, he had absolutely not thrown in the towel and was furiously working to get his ducks in a row for this BOG meeting... Burkle, etc. But perhaps he was decoying the Maloofs. And he's now dropped a bomb that he'd been building for some time... or at least helping to build.
Wasn't Sac one fastest growing cities as well? There are teams liek in Ohio, and Michigan which are actually losing a LOT of people. I can see this as playing a factor for Sacramento whether or not the Kings stay. We probably would get another team.
Just read up that it was Elk Grove which was growing fast.. Being in Sac County that helps I guess?
Just read up that it was Elk Grove which was growing fast.. Being in Sac County that helps I guess?
Long story. But that is usually the deal.
http://en.wikipedia.org/wiki/Consol_Energy_Center
What it means is that deeper cash resources can be put into action when the financing discussion comes up. No billionaire in his right mind is going to write a check for a whole building. But they can provide options to put upfront cash into the construction in exchange for a sweetheart lease deal long term. The Maloofs being low on cash resources were basically using the lease payments as their installments. I think they would have regretted the high lease payments in the long run. They city is still going to have to step up and provide a huge chunk of public support. There is still no chance to privately fund a new arena without that.
http://en.wikipedia.org/wiki/Consol_Energy_Center
What it means is that deeper cash resources can be put into action when the financing discussion comes up. No billionaire in his right mind is going to write a check for a whole building. But they can provide options to put upfront cash into the construction in exchange for a sweetheart lease deal long term. The Maloofs being low on cash resources were basically using the lease payments as their installments. I think they would have regretted the high lease payments in the long run. They city is still going to have to step up and provide a huge chunk of public support. There is still no chance to privately fund a new arena without that.
Long story. But that is usually the deal.
http://en.wikipedia.org/wiki/Consol_Energy_Center
What it means is that deeper cash resources can be put into action when the financing discussion comes up. No billionaire in his right mind is going to write a check for a whole building. But they can provide options to put upfront cash into the construction in exchange for a sweetheart lease deal long term. The Maloofs being low on cash resources were basically using the lease payments as their installments. I think they would have regretted the high lease payments in the long run. They city is still going to have to step up and provide a huge chunk of public support. There is still no chance to privately fund a new arena without that.
http://en.wikipedia.org/wiki/Consol_Energy_Center
What it means is that deeper cash resources can be put into action when the financing discussion comes up. No billionaire in his right mind is going to write a check for a whole building. But they can provide options to put upfront cash into the construction in exchange for a sweetheart lease deal long term. The Maloofs being low on cash resources were basically using the lease payments as their installments. I think they would have regretted the high lease payments in the long run. They city is still going to have to step up and provide a huge chunk of public support. There is still no chance to privately fund a new arena without that.
if what KJ did today, with the help of burkle (and cwebb if this is what he was talking about), helps keep the kings in sac. id gladly donate towards another ad in the bee to thank them. as appreciative as i am of the first ad geared towards the maloofs, i dont think it helped since they already made up their minds and plan to file if the BOG lets them. if KJ makes them stay, he deserves a big thank you. something along the lines of:
Dear Mayor Kevin Johnson, Ron Burkle and ______ (enter name of whoever helped),
Thank you for granting the wishes of all the kings fans and keeping them in Sacramento.
Forever thankful,
Best fans in the NBA.
PS. F.U. Maloofs
Dear Mayor Kevin Johnson, Ron Burkle and ______ (enter name of whoever helped),
Thank you for granting the wishes of all the kings fans and keeping them in Sacramento.
Forever thankful,
Best fans in the NBA.
PS. F.U. Maloofs
