Maloofs Have Given til 5PM Friday for Back Up Offer From Sac Group!!

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Löwenherz

Löwenherz

Starter
#151
#151
Any league dumb enough to approve the Maloofs as owners of one of their franchises after this deserves what they get. Clearly though, they're still such narcissists they believe it wasn't them, but the NBA and Sacramento who ruined their romp in the professional sports ownership game.

And while I got a good chuckle out of them suggesting they'd buy an MLB or NHL team, the quote in Voisin's article that stood out the most was this:

"Just match the damn offer," one source vented out of frustration Thursday.

Emotional, unprofessional, accusatory. You can just hear George shouting it from the background as Joe and Gavin try to conduct a phone interview with Voisin. (assuming the Maloofs are the anonymous sources. Hard to imagine a PR rep or family lawyer yelling that "out of frustration")
 
kupman

kupman

Starter
#152
#152
Čarolija said:
http://www.sacbee.com/2013/04/12/5336141/ailene-voisin-maloofs-wouldnt.html
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Assuming this article is accurate, I find it to be intereting and encouraging. One, the Maloofs would "embrace" the team staying in Sacramento and they want to avoid a "scorched earth."

This leads me to think that they went to Hansen/Balmer first not because they were being vindicative, but rather they knew that it would significantly increase the value of the team. It may be that if they get the same money from the Sac team, they would actually prefer that the team stay in Sac.
 
Gary

Gary

All-Star
#153
#153
kupman said:
Assuming this article is accurate, I find it to be intereting and encouraging. One, the Maloofs would "embrace" the team staying in Sacramento and they want to avoid a "scorched earth."

This leads me to think that they went to Hansen/Balmer first not because they were being vindicative, but rather they knew that it would significantly increase the value of the team. It may be that if they get the same money from the Sac team, they would actually prefer that the team stay in Sac.
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I don't think they would go through all they went through just as a way to up their team value, including going to the hearing saying that the team should be in Seattle.
 
ninjabiscuit

ninjabiscuit

Bench
#154
#154
kupman said:
Assuming this article is accurate, I find it to be intereting and encouraging. One, the Maloofs would "embrace" the team staying in Sacramento and they want to avoid a "scorched earth."

This leads me to think that they went to Hansen/Balmer first not because they were being vindicative, but rather they knew that it would significantly increase the value of the team. It may be that if they get the same money from the Sac team, they would actually prefer that the team stay in Sac.
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Personally, I'm not looking for any way to make excuses for the Maloofs. The way they went about all of this screams of a deliberate attempt to screw over Sacramento and the fans of the team. I suppose they can remove a tiny fraction of the tarnish by selling to the Sacramento group after all, but that should have been their first option.
 
Gary

Gary

All-Star
#155
#155
ninjabiscuit said:
Personally, I'm not looking for any way to make excuses for the Maloofs. The way they went about all of this screams of a deliberate attempt to screw over Sacramento and the fans of the team. I suppose they can remove a tiny fraction of the tarnish by selling to the Sacramento group after all, but that should have been their first option.
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You've got that right.... I will never support anything that the Maloofs do ever again, and for all I care they could go broke and live in a sewage tunnel. I couldn't care less if I never heard from or of them after this is all said and done.
 
macadocious

macadocious

Starter
#157
#157
There is a little too much Maloof hate going on in here lately. I think they started the arena negotiations trying to get a sweetheart deal, when they didn't they back out. Then they realized they needed to bide their time for a sweetheart deal for a move (Samueli) or a sale. If they went public and said, hey we are selling! They would have been lowballed. They actually did the smart business move, they made a sorta crappy asset into a sought after asset. In doing so, they got on offer they could not turn down. If they had turned around and told KJ, hey we have an offer for 525MM, give us your offer, they would be even more slimy than many of you think they already are. How does anyone expect them not to go into the BOG meeting and say they want to proceed with the plan that is signed?

These guys are good guys. Joe and Gavin are loved by every person that I have ever talked to that knows them. Just because we are taking it so personal, doesn't mean it's that personal for them. Remember, they are not from Sacramento. They are from New Mexico.

I don't like a lot of what has gone on, but I don't really think I can blame them for the sale they way it went down. Now, the mismanagement of the franchise since 2005, that's a whole other story.
 
pdxKingsFan

pdxKingsFan

So Ordinary That It's Truly Quite Extraordinary
Staff member
#158
#158
Joe and Gavin might be good guys but the rest of the family doesn't give a crap about Sacramento and clearly considers it beneath them. George in particular, who is the real s for brains behind costing the family hundreds of millions by betting against the real estate bust that everyone paying close attention saw coming.
 
kupman

kupman

Starter
#159
#159
Gary said:
I don't think they would go through all they went through just as a way to up their team value, including going to the hearing saying that the team should be in Seattle.
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I respectively disagree. Their actions (going to the Seattle group first) may have increased the team value by $100 million (perhaphs even more). Many people would would do far more things if it meant gaining $100 million for their family.
 
Gary

Gary

All-Star
#160
#160
macadocious said:
There is a little too much Maloof hate going on in here lately. I think they started the arena negotiations trying to get a sweetheart deal, when they didn't they back out. Then they realized they needed to bide their time for a sweetheart deal for a move (Samueli) or a sale. If they went public and said, hey we are selling! They would have been lowballed. They actually did the smart business move, they made a sorta crappy asset into a sought after asset. In doing so, they got on offer they could not turn down. If they had turned around and told KJ, hey we have an offer for 525MM, give us your offer, they would be even more slimy than many of you think they already are. How does anyone expect them not to go into the BOG meeting and say they want to proceed with the plan that is signed?

These guys are good guys. Joe and Gavin are loved by every person that I have ever talked to that knows them. Just because we are taking it so personal, doesn't mean it's that personal for them. Remember, they are not from Sacramento. They are from New Mexico.

I don't like a lot of what has gone on, but I don't really think I can blame them for the sale they way it went down. Now, the mismanagement of the franchise since 2005, that's a whole other story.
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I look at bottom lines, and the bottom line with this is that the Maloofs tried to take the Kings from Sacramento after many failed arena negotiations, and an accepted arena negotiation that they backed out of. They also wanted to move the Kings to Virginia Beach, and Las Vegas and tried to move the team to Seattle, and Anaheim. They have only owned the team for about 15 years? All that has happened in 15 years? The last 5-6 years have been VERY unsettling as a fan with the constant talks of moving, and the Maloofs denying the rumors on Grant's show..


They are liars, and I don't give two s about them, and I hope they fail at whatever else they do for the rest of their life. They NEVER had any intentions of keeping the Kings here, and for you to come here telling us all to "give them a break" makes me sick to my stomach. They are lower than slime, and pretty much everyone here would agree.
 
uolj

uolj

Starter
#161
#161
Gary said:
I don't think they would go through all they went through just as a way to up their team value, including going to the hearing saying that the team should be in Seattle.
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Actually, it makes perfect sense for them to back the Seattle offer at the meetings when it's obvious they think the Sacramento offer is not a match and gives them less money.

They refused to sell to Burkle, Ellison and Hansen, and only when Hansen's group upped the valuation to $525 million did they finally agree. That's the behavior of people who don't want to sell unless they get a huge amount of money. Every decision they made has been about getting more money. (A charitable take would be that they need to make more money to get out of debt and back on their feet, a less charitable take is that they're being greedy.)

Now they're saying that if the Sac offer does match, then they'd embrace it. Again, it's all about the money. If they get the same amount of money, they'd be fine and probably happy to stay in Sac. But until now they haven't been assured they're getting the same amount of money, so they're maintaining allegiance to the Seattle deal. Remember, they don't like KJ that much and probably don't trust him, so just because he gave them a number doesn't mean they believe it. So they demand that it be binding and if it is maybe they embrace it.

Again, all behavior that points to them just wanting to get the most money they can, for greed or simply to get out of this with some money left over.
 
ninjabiscuit

ninjabiscuit

Bench
#162
#162
macadocious said:
There is a little too much Maloof hate going on in here lately. I think they started the arena negotiations trying to get a sweetheart deal, when they didn't they back out. Then they realized they needed to bide their time for a sweetheart deal for a move (Samueli) or a sale. If they went public and said, hey we are selling! They would have been lowballed. They actually did the smart business move, they made a sorta crappy asset into a sought after asset. In doing so, they got on offer they could not turn down. If they had turned around and told KJ, hey we have an offer for 525MM, give us your offer, they would be even more slimy than many of you think they already are. How does anyone expect them not to go into the BOG meeting and say they want to proceed with the plan that is signed?

These guys are good guys. Joe and Gavin are loved by every person that I have ever talked to that knows them. Just because we are taking it so personal, doesn't mean it's that personal for them. Remember, they are not from Sacramento. They are from New Mexico.

I don't like a lot of what has gone on, but I don't really think I can blame them for the sale they way it went down. Now, the mismanagement of the franchise since 2005, that's a whole other story.
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It seems to me that the way they did this almost yanked the team out from under us, and still might. We're just going to have to agree to disagree about the Maloofs.
 
whozit

whozit

Starter
#163
#163
macadocious said:
There is a little too much Maloof hate going on in here lately. I think they started the arena negotiations trying to get a sweetheart deal, when they didn't they back out. Then they realized they needed to bide their time for a sweetheart deal for a move (Samueli) or a sale. If they went public and said, hey we are selling! They would have been lowballed. They actually did the smart business move, they made a sorta crappy asset into a sought after asset. In doing so, they got on offer they could not turn down. If they had turned around and told KJ, hey we have an offer for 525MM, give us your offer, they would be even more slimy than many of you think they already are. How does anyone expect them not to go into the BOG meeting and say they want to proceed with the plan that is signed?

These guys are good guys. Joe and Gavin are loved by every person that I have ever talked to that knows them. Just because we are taking it so personal, doesn't mean it's that personal for them. Remember, they are not from Sacramento. They are from New Mexico.

I don't like a lot of what has gone on, but I don't really think I can blame them for the sale they way it went down. Now, the mismanagement of the franchise since 2005, that's a whole other story.
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On the macro level, I think you are correct. On the micro level, some of their actions were just what were they thinking. However, if I was in their shoes and underwater (in terms of the team, just like a house) I don't know what I would do. I could only hope I would handle the little things better.
 
J

Jose

Bench
#164
#164
whozit said:
On the macro level, I think you are correct. On the micro level, some of their actions were just what were they thinking. However, if I was in their shoes and underwater (in terms of the team, just like a house) I don't know what I would do. I could only hope I would handle the little things better.
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There was a VERY easy way to do this, without looking like greedy, vindictive jerks: Just come out and say the team is officially for sale, and state that you'll be accepting bids starting at, say $525M. Give a deadline for bids. Sell the team to the highest bidder that meets or exceeds your price and is approved by the league. If Sac comes thru at your price, they get to buy the team. If not, you did the right thing and gave them a chance. Just don't go behind the city's back and pop up with a signed, binding sales agreement without giving the city a chance to put something together.
 
P

pshn80

Starter
#165
#165
macadocious said:
There is a little too much Maloof hate going on in here lately. I think they started the arena negotiations trying to get a sweetheart deal, when they didn't they back out. Then they realized they needed to bide their time for a sweetheart deal for a move (Samueli) or a sale. If they went public and said, hey we are selling! They would have been lowballed. They actually did the smart business move, they made a sorta crappy asset into a sought after asset. In doing so, they got on offer they could not turn down. If they had turned around and told KJ, hey we have an offer for 525MM, give us your offer, they would be even more slimy than many of you think they already are. How does anyone expect them not to go into the BOG meeting and say they want to proceed with the plan that is signed?

These guys are good guys. Joe and Gavin are loved by every person that I have ever talked to that knows them. Just because we are taking it so personal, doesn't mean it's that personal for them. Remember, they are not from Sacramento. They are from New Mexico.

I don't like a lot of what has gone on, but I don't really think I can blame them for the sale they way it went down. Now, the mismanagement of the franchise since 2005, that's a whole other story.
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Agree. I have felt this all along. Too much hate on here for me.

Let's finish the sale to the Sacramento group and get ready for next season. I wish only well for the Maloofs, our former owners.
 
whozit

whozit

Starter
#166
#166
Jose said:
There was a VERY easy way to do this, without looking like greedy, vindictive jerks: Just come out and say the team is officially for sale, and state that you'll be accepting bids starting at, say $525M. Give a deadline for bids. Sell the team to the highest bidder that meets or exceeds your price and is approved by the league. If Sac comes thru at your price, they get to buy the team. If not, you did the right thing and gave them a chance. Just don't go behind the city's back and pop up with a signed, binding sales agreement without giving the city a chance to put something together.
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And if the league comes out and states they do not want the team to move, your leverage of being movable goes down the drain. It stinks, but would you roll that dice?
 
pdxKingsFan

pdxKingsFan

So Ordinary That It's Truly Quite Extraordinary
Staff member
#167
#167
They could have just sold the team. They could have opened it up for bidding, you think if the bidding was open Seattle wouldn't have come in high? They could have done lots of things differently that wouldn't put us in the situation we are in right now, as well as Seattle in the situation they are in right now. Someone is going to be very bitter, hurt and angry when this is done. It is extremely damaging to the NBA brand. If they want to get back in the sports game, what they have done right now will likely cost them for years. Nobody wants this fiasco in their league.

Please let's not make excuses for these jerks.
 
J

Jose

Bench
#168
#168
whozit said:
And if the league comes out and states they do not want the team to move, your leverage of being movable goes down the drain. It stinks, but would you roll that dice?
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No, you separate the sale from the relocation. If Hansen comes up and offers $525M for the team and Sacramento doesn't, that's your sale. He can deal with the relocation later, like Bennett did with Seattle. Buy the team first, deal with relocation later. KJ's team can then step up to the plate when they see Hansen's intentions (as Seattle should have when the team was being sold to a guy they KNEW had his heart set in OKC). Or, if Sacramento doesn't come up with a competitive bid, then Hansen gets the team and we're history. But you give the city a chance intead of going behind their backs. That way you don't look like a jerk, and accomplish the same thing.
 
HndsmCelt

HndsmCelt

Hall of Famer
#169
#169
uolj said:
Actually, it makes perfect sense for them to back the Seattle offer at the meetings when it's obvious they think the Sacramento offer is not a match and gives them less money.

They refused to sell to Burkle, Ellison and Hansen, and only when Hansen's group upped the valuation to $525 million did they finally agree. That's the behavior of people who don't want to sell unless they get a huge amount of money. Every decision they made has been about getting more money. (A charitable take would be that they need to make more money to get out of debt and back on their feet, a less charitable take is that they're being greedy.)

Now they're saying that if the Sac offer does match, then they'd embrace it. Again, it's all about the money. If they get the same amount of money, they'd be fine and probably happy to stay in Sac. But until now they haven't been assured they're getting the same amount of money, so they're maintaining allegiance to the Seattle deal. Remember, they don't like KJ that much and probably don't trust him, so just because he gave them a number doesn't mean they believe it. So they demand that it be binding and if it is maybe they embrace it.

Again, all behavior that points to them just wanting to get the most money they can, for greed or simply to get out of this with some money left over.
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I think you are dead on! So lets hope this all gets worked out fast. I STRONGLY suspect the NBA wants the Seattle offer pulled before Wed. We will see if my crystal ball is accurate on this one.
 
S

sdballer

Starter
#170
#170
Jose said:
There was a VERY easy way to do this, without looking like greedy, vindictive jerks: Just come out and say the team is officially for sale, and state that you'll be accepting bids starting at, say $525M. Give a deadline for bids. Sell the team to the highest bidder that meets or exceeds your price and is approved by the league. If Sac comes thru at your price, they get to buy the team. If not, you did the right thing and gave them a chance. Just don't go behind the city's back and pop up with a signed, binding sales agreement without giving the city a chance to put something together.
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Two problems with this:

1. They did say they'd have to consider selling if someone offered $500M and were laughed at by everyone but Chris Hansen apparently.

2. Even with an agreed upon price to sell and move the team, an unprecedented last minute reprieve by the league the local ownership offer still seems to have not matched their price.

Tell me how the maloofs could have done something different to get the same price here. And to clarify, I hate the maloofs and want to punch each of them in the face, including mama.
 
whozit

whozit

Starter
#171
#171
pdxKingsFan said:
They could have just sold the team. They could have opened it up for bidding, you think if the bidding was open Seattle wouldn't have come in high? They could have done lots of things differently that wouldn't put us in the situation we are in right now, as well as Seattle in the situation they are in right now. Someone is going to be very bitter, hurt and angry when this is done. It is extremely damaging to the NBA brand. If they want to get back in the sports game, what they have done right now will likely cost them for years. Nobody wants this fiasco in their league.

Please let's not make excuses for these jerks.
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There is a difference between explanation and excuse. Just because you give an explanation for one's behavior doesn't mean you excuse it. I am a type-1 diabetic, if I am having a bad day and the sugar goes low I can get an attitude. The low sugar may explain the attitude but in no way would it excuse it.
 
J

Jose

Bench
#172
#172
sdballer said:
Two problems with this:

1. They did say they'd have to consider selling if someone offered $500M and were laughed at by everyone but Chris Hansen apparently.

2. Even with an agreed upon price to sell and move the team, an unprecedented last minute reprieve by the league the local ownership offer still seems to have not matched their price.

Tell me how the maloofs could have done something different to get the same price here. And to clarify, I hate the maloofs and want to punch each of them in the face, including mama.
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Say the team is for sale. Period. That's what they could have done differently.

It's not the same as a wishy-washy statement with a random number while saying the team is absolutely not for sale. Just say it's for sale, bids under $XXX won't even be considered. Let the interested parties do their thing.

I'm actually glad they didn't do that... would have started a bidding war that Hansen would have probably won by pushing the sale price so high that nobody in their right mind would have matched. So, in a way, their approach unintentionally actually cost them a lot of $$$ and gave us a chance by locking the price at $525M. But still, doesn't redeem them from their actions.
 
HndsmCelt

HndsmCelt

Hall of Famer
#173
#173
pdxKingsFan said:
They could have just sold the team. They could have opened it up for bidding, you think if the bidding was open Seattle wouldn't have come in high? They could have done lots of things differently that wouldn't put us in the situation we are in right now, as well as Seattle in the situation they are in right now. Someone is going to be very bitter, hurt and angry when this is done. It is extremely damaging to the NBA brand. If they want to get back in the sports game, what they have done right now will likely cost them for years. Nobody wants this fiasco in their league.

Please let's not make excuses for these jerks.
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What you and Jose miss is that opening up the team for bids ESPECIALLY after the Anaslime move was killed, would have meant buyers would only pay what the team was worth IN Sacramento, as they would virtually no hope of moving the team. Even Clay Bennett took 2 gambles (1) that if Seattle refused to build he would be approved for moving the team and (2) that the team would be MORE profitable in a SMALLER market. So any bidders on the Kings could NOT expect the team value to be
anything MORE than it's value in Sacramento (350-400 mill). It was only by finagling the move and sale that the Maloofs got the Seattle price. This is roughly the equivalent of being underwater on your house then finding a way to sell it in the San Francisco market to net a profit.
 
J

Jose

Bench
#174
#174
HndsmCelt said:
What you and Jose miss is that opening up the team for bids ESPECIALLY after the Anaslime move was killed, would have meant buyers would only pay what the team was worth IN Sacramento, as they would virtually no hope of moving the team. Even Clay Bennett took 2 gambles (1) that if Seattle refused to build he would be approved for moving the team and (2) that the team would be MORE profitable in a SMALLER market. So any bidders on the Kings could NOT expect the team value to be
anything MORE than it's value in Sacramento (350-400 mill). It was only by finagling the move and sale that the Maloofs got the Seattle price. This is roughly the equivalent of being underwater on your house then finding a way to sell it in the San Francisco market to net a profit.
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I'm not too sure about that. If the team was openly for sale, Hansen would have extended his current offer anyway. If he didn't, and Sacramento didn't come up with the $500M+ offer they wanted, then they don't take the offer and do what they did (secretly strike a deal with Hansen for the sale and relocation). At that point, they can prove they gave the city a chance, nobody was interested, NBA has no choice but to let the sale go thru.

The animosity is not that they're selling the team. I can't think of anyone who didn't want them gone. The animosity is because they consistently told KJ the team is not for sale, then struck a deal to sell AND move the team. I believe they would have still gotten their price if they had been upfront about selling the team and would have stated their price requirement.

In the end, it probably worked better for us. Like you said, nobody here would have offered them the $500M+ so the team would have been gone without KJ being able to put up a fight.
 
S

sdballer

Starter
#175
#175
Jose said:
Say the team is for sale. Period. That's what they could have done differently.

It's not the same as a wishy-washy statement with a random number while saying the team is absolutely not for sale. Just say it's for sale, bids under $XXX won't even be considered. Let the interested parties do their thing.

I'm actually glad they didn't do that... would have started a bidding war that Hansen would have probably won by pushing the sale price so high that nobody in their right mind would have matched. So, in a way, their approach unintentionally actually cost them a lot of $$$ and gave us a chance by locking the price at $525M. But still, doesn't redeem them from their actions.
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So you think a Sacramento ownership group would have gone to $525M with that approach? NO CHANCE IN HELL. We haven't even put together a $525M offer with the imminent risk of losing our only professional sports team we will ever have hanging over our heads.
 
Padrino

Padrino

All-Star
#176
#176
KJ and vivek have announced via twitter that chris kelly has joined their investor group:

Vivek Ranadivé ‏@Vivek 8m
Chris Kelly was an instrumental part of one of the most revolutionary
businesses of our generation. He is a visionary leader in business...

Vivek Ranadivé ‏@Vivek 7m
...and public policy. Chris' knowledge and experience in digital and social
media is critical to our ultimate objective of making the ...

Vivek Ranadivé ‏@Vivek 6m
...Kings a true
21st Century global franchise in the NBA. I am excited and honored that I
can now call @thatchriskelly a partner as we ....

Vivek Ranadivé ‏@Vivek 5m
...continue towards the goal of
keeping the Kings in Sacramento. #HereWeStay

Kevin Johnson ‏@KJ_MayorJohnson 16m
This is exciting news! I’ve gotten to know @thatchriskelly through Democratic politics and his leadership on important issues.

Kevin Johnson ‏@KJ_MayorJohnson 16m
When we started this project, I never imagined so many important leaders from across CA become a part of it.

Kevin Johnson ‏@KJ_MayorJohnson 15m
We have Californians who've helped create Tibco, 24 Hour Fitness, Qualcomm, and now, Facebook all working for the future of Sacramento.
Click to expand...
http://en.wikipedia.org/wiki/Chris_Kelly_(entrepreneur)
 
Warhawk

Warhawk

Give blood and save a life!
Staff member
#177
#177
New partner added to Sacramento group trying to buy Kings:

Chris Kelly, a former Facebook executive who ran for state Attorney General in 2010, has joined the group, a source close to the deal told The Bee today.

Kelly joins Silicon Valley executive Vivek Ranadive; members of San Diego's Jacobs family; Sacramento developer Mark Friedman; and East Bay health club financier Mark Mastrov.
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Read more here: http://www.sacbee.com/2013/04/12/5337365/ex-facebook-executive-joins-local.html#storylink=cpy
 
S

sdballer

Starter
#178
#178
Jose said:
I'm not too sure about that. If the team was openly for sale, Hansen would have extended his current offer anyway. If he didn't, and Sacramento didn't come up with the $500M+ offer they wanted, then they don't take the offer and do what they did (secretly strike a deal with Hansen for the sale and relocation). At that point, they can prove they gave the city a chance, nobody was interested, NBA has no choice but to let the sale go thru.

The animosity is not that they're selling the team. I can't think of anyone who didn't want them gone. The animosity is because they consistently told KJ the team is not for sale, then struck a deal to sell AND move the team. I believe they would have still gotten their price if they had been upfront about selling the team and would have stated their price requirement.

In the end, it probably worked better for us. Like you said, nobody here would have offered them the $500M+ so the team would have been gone without KJ being able to put up a fight.
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But it sounds like they did receive offers from Ellison and Burkle at some point and that they were way under the $525M. So the only thing they didn't do is put a for sale sign on the window of Sleep Train Arena. Again, I'm not defending the Maloof's actions as I think they are scumbags. But they did manage this sale in a way likely to net them way more money than if they had done it the "honest" way.
 
K

KingsFanatic

Bench
#179
#179
I know it's a business decision, but I would have so much more respect for the Maloofs if they came out and said that want to prove just how honest they were being in their love for Sacramento and their fans, and find a way to make the Sacramento deal work. Because if they don't do this, all their talk about their love for Sacramento would just seem like lies to me....
 
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