Local buyer reportedly enters the picture!
- Thread starter Tetsujin
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http://www.cbssports.com/nba/blog/ken-berger/21540398/potential-kings-buyer-emerges-would-keep-team-in-sacramento
Doesn't have enough wealth in total but could play a role as part of a group.
Doesn't have enough wealth in total but could play a role as part of a group.
Aaron Bruski @aaronbruski
.@KBergCBS reports that Mastrov has had at least two face to face meetings with the Maloofs.
idk if this is good or bad? he's had 2 meetings, but the Maloofs are off kanoodling with Seattle buyers, so maybe they didnt like the meetings they had with Mastrov?
.@KBergCBS reports that Mastrov has had at least two face to face meetings with the Maloofs.
idk if this is good or bad? he's had 2 meetings, but the Maloofs are off kanoodling with Seattle buyers, so maybe they didnt like the meetings they had with Mastrov?
Well to keep it real, they would be creating new sponsorships in Seattle, and probably more lucrative.
The loan to the city is $64 million with $14 million in interest, so $77 million to the city. It's a loan, they could very well pay off that loan with a loan... so to count that as a $77 million "discount" as others seem to be doing isn't correct.
There's the issue of the $150-219 million the team owes the NBA, but that's likely paid off from what the Maloofs get from the sale.
So the real discount comes down to the $30 minimum relocation fee. That's still a hefty discount for keeping the Kings in Sacramento. We'll see how it plays out. The people with the deepest pockets don't always win.. or Larry Ellison would own the Warriors right now..
The loan to the city is $64 million with $14 million in interest, so $77 million to the city. It's a loan, they could very well pay off that loan with a loan... so to count that as a $77 million "discount" as others seem to be doing isn't correct.
There's the issue of the $150-219 million the team owes the NBA, but that's likely paid off from what the Maloofs get from the sale.
So the real discount comes down to the $30 minimum relocation fee. That's still a hefty discount for keeping the Kings in Sacramento. We'll see how it plays out. The people with the deepest pockets don't always win.. or Larry Ellison would own the Warriors right now..
Well first off he played the scathing remarks by Barkley last night about the Maloofs. Barkley just trashed them and said Stern needs to step in and make them sell and that they were screwing the city of Sacramento. While Grant did say the Maloofs had a right to sell their business, he doesn't seem to have his nose planted squarely up their *sses as he usually does.
Seems like interested buyers are popping out all over the place to keep the team in Sacramento. I don't see how Stern could have any justification for moving the team if we have a competitive offer to the Seattle group. City support, fan support, 20th largest market in the U.S with the Kings as the only pro team.
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