Board of Govs Meeting Updates-DAY 2

[Peter_Gibbons]

I think something that is being over looked here is the fact the Anaheim did not have enough supporting documentation. This speaks more than anything else to me. How can the city and Samueli who have had months to work on the details, show up to BOG meeting unprepared?

I think the Maloofs are looking for a lifeline, Samueli is trying to provide it, the BOG is not sold and now KJ/Burkle have muddled that up even more.

If it is found out that the Maloofs funneled one penny of the $75MM loan from the NBA or the $77MM bond issue to the Palms, all hell is going to break loose.

Regarding the Palms, the last I've heard was that they already loss control of it. They will continue to stay on with the Palms as operators and as a minority owner. That ship has sailed as far as saving the Palms. After multiple defaults on their loans, the 2 groups that purchased the debt on the cheap already negotiated to take equity in the casino to restructure it.

They are not going to sell the shares back to the Maloofs when they come up with the money for the same cheap price that they scooped it for. At this point, there isn't much the Maloofs can do regarding losing majority control of the Palms. It appears to be a done deal already.

 

[Showtime]

Sorry KJ messed up your celebration for now.

You think I will celebrate that the city leaders of one city impacts the ability of, not only the city, and not only the county, but of the entire northstate to watch and enjoy pro basketball? I despise what is going on, and realize that there's enough blame to go around, but I'm not going to join those that want to go Vlad-the-impaler on the Maloofs for this. On one aspect of this situation, the reaction from people like you shows me just how much people weren't ready for this, and that shows just how in denial they actually were. And part of me thinks that those certain individuals don't deserve to enjoy a team if that's their approach.

 

[Tetsujin]

lol

You laugh but do you realize how much money I spent making Anaheim Royals t-shirts and websites? I already had to mortgage out my gaudy casino.

 

[kennadog]

Well, hellfire could come raining down from the sky and incinerate the entire Central Valley for starters.

That happens every summer here, though.

 

[mr. moustache]

400m.

That thing keeps growing like any good rumor. It'll be over 1B soon.

Doh.. My memory apparently has an *2 multiplier on the Maloof's incompetence.

 

[Showtime]

The millions of dollars that were spent on their research shouldn't be something they should get extra credit for. Chris Rock explains it like this: You can't say "I ain't never been to jail!" and expect a reward because you're not supposed to go to jail.

They were supposed to have spent those millions at a minimum to get something done. The NBA is a billion dollar business. And a lot of those millions probably included attorney fees who overbilled them anyways.

My point stands. If their goal was token effort, they went above and beyond in time spent, money spent, and number of attempts. How many other teams are you aware of that spent this long and this much effort when they were intending to move all along? Zero that come to my mind. I'm not saying every attempt was golden, but my point is that those who feel the Maloofs never cared and never tried don't have a leg to stand on.

 

[macadocious]

Regarding the Palms, the last I've heard was that they already loss control of it. They will continue to stay on with the Palms as operators and as a minority owner. That ship has sailed as far as saving the Palms. After multiple defaults on their loans, the 2 groups that purchased the debt on the cheap already negotiated to take equity in the casino to restructure it.

They are not going to sell the shares back to the Maloofs when they come up with the money for the same cheap price that they scooped it for. At this point, there isn't much the Maloofs can do regarding losing majority control of the Palms. It appears to be a done deal already.

Well, I was not referring to that. What I was saying is that they have claimed they were separate entities. You cannot commingle funds, especially from a loan. That would be fraud. There is a slim chance that happened, and if so this would change everything.

 

[Peter_Gibbons]

Well, I was not referring to that. What I was saying is that they have claimed they were separate entities. You cannot commingle funds, especially from a loan. That would be fraud. There is a slim chance that happened, and if so this would change everything.

I understood what you were saying. Thats why I stated what I said because they wouldn't be commingling funds if that ship to save the Palms has already sailed.

 

[jpsls]

My point stands. If their goal was token effort, they went above and beyond in time spent, money spent, and number of attempts. How many other teams are you aware of that spent this long and this much effort when they were intending to move all along? Zero that come to my mind. I'm not saying every attempt was golden, but my point is that those who feel the Maloofs never cared and never tried don't have a leg to stand on.

Clay Bennet comes to mind.

 

[JB_kings]

You think I will celebrate that the city leaders of one city impacts the ability of, not only the city, and not only the county, but of the entire northstate to watch and enjoy pro basketball? I despise what is going on, and realize that there's enough blame to go around, but I'm not going to join those that want to go Vlad-the-impaler on the Maloofs for this. On one aspect of this situation, the reaction from people like you shows me just how much people weren't ready for this, and that shows just how in denial they actually were. And part of me thinks that those certain individuals don't deserve to enjoy a team if that's their approach.

Dude you have no idea how long I have been watching this arena deal. I can assure it's been far longer than you. I've been worried about this day coming for almost a decade. Hell I was even worried back in 1997 when Jim Thomas started talking about moving. So you failed to get me there. And futher more, I attended the very first Kings game back in October of 1985. So your thoughts on what I deserve don't mean squat to me. I've had enough of your attention grabbing routine here. Done

 

[mr. moustache]

Clay Bennet comes to mind.

Yep. He "looked into" renovating Key Arena as well as putting an arena in Renton(no thanks!). Steve Ballmer was willing to pay for Key Arena renovation, but only as an owner.

One thing I haven't seen mentioned much is the new CBA. Who knows, maybe the white knight billionaire has an ear to the ground and the new CBA is likely to help a market like Sac. Buy low.

 

[Bricklayer]

KC was a questionable market. It's small, the Kings already failed there once, and it has NFL and MLB to compete with. We also don't know if KC ever made them a serious offer. As for what the Maloofs did in Sacramento, like I said, they had no other options. If you can't put the team where you want, a new arena here is the next best thing.

The self-serving nonsense Kings fans continue to come up with to justify their city having completely ****ed up this whole deal continues to concern me. YOU created this whole mess. YOU made the Maloofs an enemy. Now they are an enemy, and they have to be defeated, but none of this had to be. Trying to claim the Maloofs, of all the silly impatient emotional millionaires you could hit upon were engaged in a dozen years of subterfuge and planning to escape Sacramento is just childish. Its saying "he did it!" because you can't stand to have screwed up yourself.

KJ may have pulled out a miracle save here. May give you a second chance. But if Sac continues to run around spouting ignorance, blaming everything on the other guy, and acting like your **** hasn't stunk to high heaven for this last decade you WILL lose the team anyway. People who lack the ability to look in the mirror, realize they have ****ed up, and vow to not do it again are doomed to screwing up again and again and again. Its patent immaturity.

Many of us have been sittiing around for half a decade at least documenting each Sacramento flub, each step toward this day. Periodically we'd say something, say hey, watch out. Hey, better get something done. Hey, quit being idiots. Nobody listened because everybody was too self satisfied. Now the other shoe has come within inches of dropping, and only a stellar move by a maligned mayor has stopped it. Everybody is suddenly awake and fighting, which is great news, but so long overdue. But if you can't look in the mirror and realize how you got here, and realize that it can and will happen again if the city conducts itself the same way it has for the last dozen years, then you will lose them anyway. Look in the damn mirror. Beat this effort by the Maloofs back, but then look in the damn mirror. This is a great save, but after its done Sac is going to have to shape up and go to work to consolidate it.

 

[Tetsujin]

Yep. He "looked into" renovating Key Arena as well as putting an arena in Renton(no thanks!). Steve Ballmer was willing to pay for Key Arena renovation, but only as an owner.

One thing I haven't seen mentioned much is the new CBA. Who knows, maybe the white knight billionaire has an ear to the ground and the new CBA is likely to help a market like Sac. Buy low.

Its what he did with an inert, bankrupt, flailing franchise in one of the most passionate sports towns in America. Now they're among the most successful teams in their league/

 

[Tetsujin]

The self-serving nonsense Kings fans continue to come up with to justify their city having completely ****ed up this whole deal continues to concern me. YOU created this whole mess. YOU made the Maloofs an enemy. Now they are an enemy, and they have to be defeated, but none of this had to be.

KJ may have pulled out a miracle save here. May give you a second chance. But if you continue to run around spouting ignorance, blaming everything on the other guy, and acting like your **** hasn't stunk to high heaven for this last decade you WILL lose the team anyway. People who lack the ability to look in the mirror, realize they have ****ed up, and vow to not do it again are doomed to screwing up again and again and again. Its patent immaturity.

Many of us have been sittiing around for half a decade at least documenting each Sacramento flub, each step toward this day. Periodically we'd say something, say hey, watch out. Hey, better get something done. Hey, quit being idiots. Nobody listened because everybody was too self satisfied. Now the other shoe has come within inches of dropping, and only a stellar move by a maligned mayor has stopped it. But if you can't look in the mirror and realize how you got here, and realize that it can and will happen again if the city conducts itself the same way it has for the last dozen years, then you will lose them anyway. Look in the damn mirror. Beat this effort by the Maloofs back, but then look in the damn mirror. This is a great save, but after its done Sac is going to have to shape up and go to work to consolidate it.

I agree with this. A decade under the great visionary Heather Fargo set this town back decades in terms of its development.

 

[jpsls]

Its what he did with an inert, bankrupt, flailing franchise in one of the most passionate sports towns in America. Now they're among the most successful teams in their league/

They're successful because they have owners who are willing to spend money to improve the team

 

[RookieOfTheDay]

The self-serving nonsense Kings fans continue to come up with to justify their city having completely ****ed up this whole deal continues to concern me. YOU created this whole mess. YOU made the Maloofs an enemy. Now they are an enemy, and they have to be defeated, but none of this had to be. Trying to claim the Maloofs, of all the silly impatient emotional millionaires you could hit upon were engaged in a dozen years of subterfuge and planning to escape Sacramento is just childish. Its saying "he did it!" because you can't stand to have screwed up yourself.

KJ may have pulled out a miracle save here. May give you a second chance. But if Sac continues to run around spouting ignorance, blaming everything on the other guy, and acting like your **** hasn't stunk to high heaven for this last decade you WILL lose the team anyway. People who lack the ability to look in the mirror, realize they have ****ed up, and vow to not do it again are doomed to screwing up again and again and again. Its patent immaturity.

Many of us have been sittiing around for half a decade at least documenting each Sacramento flub, each step toward this day. Periodically we'd say something, say hey, watch out. Hey, better get something done. Hey, quit being idiots. Nobody listened because everybody was too self satisfied. Now the other shoe has come within inches of dropping, and only a stellar move by a maligned mayor has stopped it. Everybody is suddenly awake and fighting, which is great news, but so long overdue. But if you can't look in the mirror and realize how you got here, and realize that it can and will happen again if the city conducts itself the same way it has for the last dozen years, then you will lose them anyway. Look in the damn mirror. Beat this effort by the Maloofs back, but then look in the damn mirror. This is a great save, but after its done Sac is going to have to shape up and go to work to consolidate it.

Spare me the stupid strawman argument. I know that's hard for you, you seem to love them. I never claimed anything like that the Maloofs were secretly planning an exit all this time. What i'm saying is, to quote Chris Rock, a man is only as faithful as his options. the Maloofs had no viable options for many years so it's easy to say they were dedicated when they were really just stuck here. Also keep in mind that i never exonerated Sacramento. the city shares much of the blame because if they'd have built an arena the Maloofs would have stayed whether they really wanted to be here as first choice or not.

 

[JB_kings]

The self-serving nonsense Kings fans continue to come up with to justify their city having completely ****ed up this whole deal continues to concern me. YOU created this whole mess. YOU made the Maloofs an enemy. Now they are an enemy, and they have to be defeated, but none of this had to be. Trying to claim the Maloofs, of all the silly impatient emotional millionaires you could hit upon were engaged in a dozen years of subterfuge and planning to escape Sacramento is just childish. Its saying "he did it!" because you can't stand to have screwed up yourself.

KJ may have pulled out a miracle save here. May give you a second chance. But if Sac continues to run around spouting ignorance, blaming everything on the other guy, and acting like your **** hasn't stunk to high heaven for this last decade you WILL lose the team anyway. People who lack the ability to look in the mirror, realize they have ****ed up, and vow to not do it again are doomed to screwing up again and again and again. Its patent immaturity.

Many of us have been sittiing around for half a decade at least documenting each Sacramento flub, each step toward this day. Periodically we'd say something, say hey, watch out. Hey, better get something done. Hey, quit being idiots. Nobody listened because everybody was too self satisfied. Now the other shoe has come within inches of dropping, and only a stellar move by a maligned mayor has stopped it. Everybody is suddenly awake and fighting, which is great news, but so long overdue. But if you can't look in the mirror and realize how you got here, and realize that it can and will happen again if the city conducts itself the same way it has for the last dozen years, then you will lose them anyway. Look in the damn mirror. Beat this effort by the Maloofs back, but then look in the damn mirror. This is a great save, but after its done Sac is going to have to shape up and go to work to consolidate it.

I'll take anyone on my team that can get a building done here in Sacramento. I've been as frustrated as anyone with their bungling. But I think all the parties share blame in this so the blame game is a waste. KJ now has to build it or shut it. He just got us to OT when the game was supposed to be over. I'm backing those who will help in that cause. I've done it with my money, emails and any other support I can throw at them.

 

[rainmaker]

On PTI, JA Adande was just saying the Kings to Anaheim is definitely not a done deal, and he's hearing rumblings the other owners are not in favor of the move. Nothing we don't already know, but good to hear from a national source.

 

[Kingster]

The thing with the Maloofs financials is that no one really knows for sure. I've been following their Palms situation closely since a couple years ago. While they are in the dumpster with the Palms, they continue to spend money on their other ventures such as their Maloof Films/TV investments and the Maloof Money Cup. They've been expanding the MMC to new cities every year and building skate parks left and right. If they are really as broke as some are saying, where is the money coming from to do all this?

At the same time I do agree that what they've done with the Kings have shown some signs that at least leads outsiders to question their viability. So at the end, everyone thinks they know about the Maloofs' financials, but only they really know what they are trying to do themselves.

Where is the money coming from? How about their beer distributorship biz. They sold the business with the most stable income stream. That should buy them some time as they burn through that cash. But if the Palms is as bad as some think, that burn rate could be awful high.

 

[ITSCdanimal]

This is quite simply assinine. No Kings fans have ****ed up. Kings fans have not screwed themselves, and Kings fans have not created this whole mess. To blame the failures of the city as an entity on the residents of the city, who have had very little say in this matter to date is ridiculous.

The self-serving nonsense Kings fans continue to come up with to justify their city having completely ****ed up this whole deal continues to concern me. YOU created this whole mess. YOU made the Maloofs an enemy. Now they are an enemy, and they have to be defeated, but none of this had to be. Trying to claim the Maloofs, of all the silly impatient emotional millionaires you could hit upon were engaged in a dozen years of subterfuge and planning to escape Sacramento is just childish. Its saying "he did it!" because you can't stand to have screwed up yourself.

 

[Showtime]

The only conclusion I can reach based on your posts in this thread is that you are actually in favor of the Maloofs moving the team to Anaheim.

Then that's just an indication of the mentality of many of the kings fans. If you aren't with some of the more biased and radical opinions, you are against the kings and sacramento.

No. The fact is that I support the team more-so than I support the city. That doesn't mean I want the team to leave, nor that I'm a Maloof fanboy, rather what it means is that I am not the kind of fan who roots for any team that happens to be in Sac, and therefore hates anybody who threatens that existence. I'm a kings fan, not a sacramento fan.

After all, the current owners WANT to move the team.

In 2011, after repeated attempts over several years to try to stay. Just because I can understand that they're fed up doesn't mean I want them to leave. That's not the same thing. And just because I disagree with those that think the Maloofs never cared about staying doesn't mean I want them to leave either.

KJ approached Burkle to keep them in Sacramento and you're dubious because he MIGHT possibly want to move the team. Again, how does that make sense.

No, I'm countering some of the illogical and radical scenarios and opinions expressed by some about his involvement.

And to me Anaheim IS the worst option. Losing the Kings name to revert to the Royals moniker moves them further away from being my team. And being second banana to the Lakers in SoCal (maybe even 3rd behind the Clippers) is a much worse fate to me than if the returned to Kansas City. I'd much rather see them move out of statethan than to Anaheim if they do go.

Fair enough. I would disagree and if faced to choose between two evils (again, under speculative scenarios), would rather have the Royals compete with LA in socal than watch the PA Polar Bears or something.

But that's not reality anyway. The only way the Kings stay in Sac is with a firm agreement on a new arena. And if that happens there's zero chance that Burkle would be buying the team just to move it.

And that's what my point has been all along. There's nothing substantial that shows that an arena is going to get done with the help of Burkle.

 

[SacTownKid]

I love the responses to "he saved the penguins, he's our potential HERO!"

Guess what: the penguins admitted to threatening to move the team as a negotiating tactic to get the locals to pay up.

Great example of your hero.

I'm still not 100% sold that the same ploy isn't being used by the Maloofs at this very moment.

 

[JB_kings]

David Aldridge twitter:

daldridgetnt David Aldridge
Stern: KJ was "persuasive" that there was more "intensity" in Sac 4 downtown arena, & Anaheim $ details "haven't fully been buttoned down."
5 minutes ago Favorite Retweet Reply »
daldridgetnt David Aldridge
Stern on relocation extension: "It's not what (the Board of Governors) didn't hear; it's what they did hear."
8 minutes ago Favorite Retweet Reply »
daldridgetnt David Aldridge
Stern re: Clay Bennett heading relocation comm: "I don't think there's any conflict at all."
15 minutes ago Favorite Retweet Reply »
daldridgetnt David Aldridge
Stern: BOG had "no discussion" of Kings' finances, but did hear Sac Mayor Johnson talk about enhanced s/t sales & potential 4 new building.

 

[origkds]

2 feet. And no interest in communicating with the city. One foot would have been enough, but the Maloofs have added extra insult.

I’ve watched them communicate with the city for 10+ years. Two feet would mean that they are actually gone, but I still have hope.

 

[RookieOfTheDay]

I'm still not 100% sold that the same ploy isn't being used by the Maloofs at this very moment.

You really think they'd drag it out this far? Blow off the mayor and ICON, file two extensions, and negotiate with Anaheim to the point where it yielded a detailed contract?

 

[SacTownKid]

You really think they'd drag it out this far? Blow off the mayor and ICON, file two extensions, and negotiate with Anaheim to the point where it yielded a detailed contract?

I wouldn't put it past them for this to be the plan and them either a) take it too far, or b) get butthurt in their own game which then would cause them to get flustered like they seem to do and then fumble the ball 5 yards from the goal line. They don't strike me as the most intelligent bunch and it's been demonstrated before that there is a very thin line between commone sense and emotional instability with these people. I think they've honestly been offended in the last few days by all onlookers to the situation including their "boys" who they thought would unconditionally have their back.

Still, even if that wasn't the sole intent, it would be rather short sighted of them as "businessmen" to not at least think in a worst case scenario they come back to a city ready beyond measure to fix the problems that have persisted all these years. The problem is that this is the Maloofs, they tend to lob words around like like a blindfolded soldier throwing grenades.

 

[rainmaker]

JimCrandell Jim Crandell
FOX40 News exclusive at 5:30, the new arena plan unlike any other we've heard..can it work and will you help get it done?

Can someone in Sac watch this and update those of us outside the area.

 

[Gary]

No, we aren't. Because under the speculative topics brought up about Burkle wresting control of the team away from the Maloofs, we might see them be an entirely different team somewhere outside the state. And that, to me, is worse than rooting for the Royals as pacific division rivals of the lakers.

Either way I wouldn't root for them or care so yes.. I would rather have them in Sac.

I have a feeling that someone might have a wing on their right side.. That's as far as I am going to take this.

Your comments make no sense.

Oh and by the way.. You all can tell me how I was right about the Maloofs any time now....

 

[JJ22L]

JimCrandell Jim Crandell
FOX40 News exclusive at 5:30, the new arena plan unlike any other we've heard..can it work and will you help get it done?

Can someone in Sac watch this and update those of us outside the area.

Sigh. You lost me at Crandell. :-(

 

[rainmaker]

Sigh. You lost me at Crandell.

I don't like him either. But doesn't hurt to hear what he has to say and form an opinion after.