If no new Arena here Maloofs forced to sell and team gets moved to KC?

BradC79

G-League
According to Sam Amick Maloofs are being pressured to sell and if there is no Arena plan by March 2012 they will be pressured even more to sell and than moved to Kansas City and the Sprint Center which was built in 07 by the ICON group.

http://t.co/Op049Xt”
 
Section 101 already started a thread on this article. But yes, I saw that amick mentioned twice the Maloofs are under pressure to sell. Very interesting.
 
According to Sam Amick Maloofs are being pressured to sell and if there is no Arena plan by March 2012 they will be pressured even more to sell and than moved to Kansas City and the Sprint Center which was built in 07 by the ICON group.

http://t.co/Op049Xt”

I'm pretty sure that article didn't say anything like that. Seems to me like you're combining two very different points into one
 
Who's going to pressure them to sell? Stern? What ownership group would buy them? Is there a group in KC or would it be Burkle?
 
Posted: Saturday April 23, 2011 1:17PM ; Updated: Saturday April 23, 2011 2:11PM



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Maloofs may be undecided, but signs point to Kings staying put

Story Highlights

The Maloofs reiterated that they haven't decided on whether to file for relocation

Unless a hole is found in mayor Kevin Johnson's pitch, a relocation block could

There are concerns about the Maloofs' financial standing and long-term viability

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SACRAMENTO, Calif. -- There's the feel of the room, and then there are the facts.



Mayor Kevin Johnson maintains that the Kings' situation in Sacramento is salvageable.

AP



Kings' Relocation

More Coverage

AMICK: Relocation block seems likely

Maloofs still undecided on relocation

Sacto mayor says he's raised $9.2M now

AMICK: Signs point to Kings staying put

Sacramento makes renewed case for team

AMICK: Lakers to fight Kings' move

Kings granted relocation extension

Sacto mayor Johnson makes pitch

Anaheim approves money for move

GALLERY: Franchise moves since 1975

First, the room:

It's dimly lit and covered in Sacramento Kings paraphernalia, with NBA Commissioner David Stern quietly hanging "Here We Stay" banners while a conga line of owners led by the Lakers' Jerry Buss team up with Mayor Kevin Johnson to play with the Anaheim dartboard in the corner. The Maloof family that owns the Kings is still just outside the door, peering in with the hopes of seeing an arena blueprint amid the piles of purple while glancing longingly at the Royals Room next door that is so painfully empty.

Now, the facts:

The Maloofs haven't made a decision on whether to file for relocation by the May 2 deadline, a stance they reiterated after a Los Angeles Times report published Friday afternoon claimed the team was "expected to remain in Sacramento." Only they know whether they will still file if and when word comes their way that the relocation committee is recommending a Sacramento stay and a majority vote among the owners on their behalf just isn't there, a development that now looks likely so long as no last-minute holes are found in Johnson's pitch. A relocation block would be unprecedented and would almost certainly take this Sacramento saga to the courts if they proceeded in that fashion.

The NBA continues to be impressed with Johnson, the former All-Star point guard who vowed to the league's owners in New York during last week's Board of Governors meetings, and did the same this week. Relocation committee chairman/Oklahoma City Thunder owner Clay Bennett and league attorney Harvey Benjamin came to town for an investigation on Thursday and Friday, digging into Johnson's many detailed assertions as to why the Sacramento situation was salvageable.

The NBA is expected to return on Monday, with one source close to the situation claiming it's a matter of "crossing the Ts and dotting the Is" when it comes to finalizing their findings. There are, it should be noted, no NBA trips currently scheduled for Anaheim despite the fact that Stern made it clear last week that the owners intended to investigate that plan further.

Will the Kings remain in Sacramento next season? It's sure looking that way. But that likelihood was more of a news flash to the Maloofs than anyone else on Friday, and their reaction spoke volumes about the disconnect between the owners and the very league that is so intimately involved here.

Only the flies on the room at the Board of Governors meetings knows how the totem pole of concerns looks, but the pushback of the Kings' intended move to the nation's second-largest media market is as real as advertised. And the few flies that have been buzzing since then have had nothing but negative things to say about the Maloofs' motives.

The significant concern about their financial standing and long-term viability continues to grow, with Lakers coach Phil Jackson pouring salt in that wound on Wednesday when he compared the Maloofs to the McCourt couple that had its Dodgers franchise overtaken by Major League Baseball this week because of financial mayhem. There is, according to both ownership and front-office sources who spoke to SI.com, very little incentive to help an ownership group that's in such perceived disarray while simultaneously hurting two teams that are so much more vital to the overall cause.

Go to Kansas City? Fine. Get something done in Seattle? Unlikely, but best of luck. But jumping in the Lakers' and Clippers' backyard? They simply must, in the eyes of so many, do better than that.

Stern has insisted the Lakers-Clippers factor isn't playing a part, but that's precisely what someone who doesn't want to face an antitrust lawsuit would need to say whether they meant it or not. That notwithstanding, it stands to reason that the commissioner would rather not infuriate these particular owners.

Buss reportedly stands to lose 10 percent of his team's Time Warner television deal that sources have indicated is potentially worth $5 billion over 25 years, meaning as much as $500 million in losses. It's not the sort of tone you'd think Stern wants to set going into this most pivotal of summers, with a likely lockout on the horizon and a push for improved revenue sharing that would be easier to execute with Buss' support and access to his coffer. Clippers owner Donald Sterling, meanwhile, doesn't garner the same (or any) respect but is always ready and willing to sue when someone goes for his wallet.

There are dots that are fair to connect starting at the Staples Center in which both teams play as well, as the AEG group which owns the building, owns part of the Lakers and charges the Clippers monthly rent is a major partner of the ICON Venue Group that was chosen by Sacramento city officials to head the latest charge for a new arena. The Denver-based group officially came on board in early February, with Sacramento city officials making it clear at the time that these industry leaders who had built 17 arenas in all were waiving their sizable consulting fees to assist in this dire situation. Awfully charitable, huh? And certainly appreciated by the likes of Buss and Sterling.

As if there was any doubt which side AEG was on -- and there wasn't -- company president Tim Leiweke went public with his feelings this week during an interview on Los Angeles radio station KSPN in which he advocated against the move. That's the same Leiweke whose name is featured on the list of ICON endorsements on the company's website -- third down from the left.

Scroll up two spots, and that's where it really gets interesting. Bennett's endorsement was given top billing on the page, their relationship rooting from the Seattle situation that had some of the same components in place as the current one (the main difference being there has been no change in ownership, with the Maloofs continuing to say they will never sell despite significant pressure to do so).

After buying the Sonics from Seattle/Starbucks man Howard Schulz in 2006, the Oklahoma City born and bred Bennett teamed with ICON with the intention of building a new arena just outside of the Emerald City in Renton, Wash. But $500 million in taxpayer contributions wasn't approved in early 2007, and Bennett would become Public Enemy No. 1 when the team moved a year later and e-mails obtained by Seattle city officials suggested that Bennett had intended to move the team to his hometown much earlier than had been believed. Bennett eventually did the deal with ICON in Oklahoma City, with the Ford Center that was already in place getting a $100 million renovation and a $21 million practice facility being built by the company.

Despite the venom spewed by Kings fans and media alike when Bennett was named relocation committee chairman, he is looking like a sheep in wolf's clothing at the moment. He even wore a purple tie on his first day in Sacramento, apparently joining a fan movement that called on all locals to wear Kings colors so as to impress the NBA officials who were in town.

If Johnson and regional leaders can eventually deliver the financing for a new arena, then it's likely the team stays. Fail on that front, though, and two sources close to the situation say there will be even more pressure applied for the Maloofs to sell the team and have it moved back to Kansas City for the 2012 season. The city that lost the Kings in 1985 has no NBA team for its fancy Sprint Center, a venue that was built by ICON in 2007.

As was the case in these past few weeks, that's a challenge Johnson would love take head on. For now, though, he'll hold off on the celebration until the more official word comes down.

"I haven't heard that [the team is staying] out of David Stern's mouth, or Clay Bennett's, or anybody that was here yesterday," Johnson told reporters in Sacramento on Friday afternoon. "It'd be great if that was the outcome, but I surely, from an emotional standpoint, do not want our community to go through this emotional high and start celebrating something that hasn't been decided yet."

Some say it already has. The room sure feels that way
 
As much as that would still suck, it'd be an easier pill to swallow than seeing those SoCal vultures get the team! I'm not that worried though. I really don't think KJ, ICON, and the newly mobilized region will fail if given until march. They'll have the plans and financing ready by then, of that i'm almost certain.
 
As much as that would still suck, it'd be an easier pill to swallow than seeing those SoCal vultures get the team! I'm not that worried though. I really don't think KJ, ICON, and the newly mobilized region will fail if given until march. They'll have the plans and financing ready by then, of that i'm almost certain.

On top of that, I don't think the Maloofs will have any say in the design of the arena. Last time, they wanted a $600 million arena. I chuckled at that.
 
On top of that, I don't think the Maloofs will have any say in the design of the arena. Last time, they wanted a $600 million arena. I chuckled at that.

I thnk the NBA will have a very great say in the design of the arena as attempts to go cheap on it will result in no NBA.
 
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I thnk the NBA will have a very great say in the sign of the arena as attempts to go cheap on it will result in no NBA.

I have to disagree. Unless the arena designs don't meet NBA standards -- luxury seats, parking -- I don't see how they can greatly affect the specific design because they themselves are not putting one cent of their own money into it.
 
I thnk the NBA will have a very great say in the sign of the arena as attempts to go cheap on it will result in no NBA.

Yeah, the arena will have to be built with NBA standards in mind. I hope the NBA doesn't have to actually approve the design if the city is footing the bill. Just let us know what those minimum qualifications are.

What the city needs to do is make sure that every arena or ball park or any other project of this type is built with the ability to be renovated in the future. Build with the future in mind.
 
Sure, but $600 million ought to buy you a space program--not just an arena. I think 300 million isn't cheap and seems to be what ICON was indicating what Sac is going for.

I suppose now would be as good a time as any to challenge that $600mil number. The only time I remember numbers like that being kicked around the Maloofs actually seemed OPPOSED to them, because those were not just arena plans, but plans for large scale development around the arena. Condos, waterfront parks, restaraunts etc. etc. The Maloofs have always seemed cool to the city's desires there, and primarily just been concerned with the arena and their parking. But who knows, been so many failed efforts over the past decade maybe I missed one.

P.S. obviously the league's dictates are going to be concerend with luxury boxes, concourses, locker rooms etc.. But that's most of what the Maloofs would be interested in anyway. Nonetheless it should I suppose be noted that if the league demands the exterior of the building be shaped like a giant pink mammary gland, topped by a nipple shaped helipad, Sacramento would have to give it some consideration. Its not about them contributing money. Its about them delivering a basketball team to play in the new building. Whatever their standards are, those are, within reason (I'll let you decide if a giant boob shaped building is reasonable or not), going to have to be the standards for the new building. A little foresight might have Sacto even exceeding those standards by a bit so that the new arena is not out of date within a decade
 
(I'll let you decide if a giant boob shaped building is reasonable or not)

I think you know where I stand on this issue. But to the larger point, Sacramento is paying dearly for doing things on the cheap so many years ago ( I know the process wasn't exactly the same, but the end result was.) I doubt they'll let that happen again.
 
Whatever their standards are, those are, within reason (I'll let you decide if a giant boob shaped building is reasonable or not), going to have to be the standards for the new building.

San%20Onofre%20Nuclear%20Power%20Station,%20CA.jpg
 
Short answer to the OP question.. Not going to happen. We WILL have an arena with KJ at the helm.
 
Short answer to the OP question.. Not going to happen. We WILL have an arena with KJ at the helm.

I have faith in KJ too but i wish he had more than a 10 month deadline to get this off the ground. 10 months sounds like a long time but it's really not. Not when each step of the process can take months.
 
I have faith in KJ too but i wish he had more than a 10 month deadline to get this off the ground. 10 months sounds like a long time but it's really not. Not when each step of the process can take months.

At least they'll have 10 years of data to work with.
 
I'm not convinced of how interested he is in the Kings. Ray Ratto messaged Mark Kreidler on twitter last week saying "One person I know says Burkle has done this in search of lots of teams, and it never goes anywhere." That made me a bit concerned but then this Dodgers news doesn't help either.

He had Darius Anderson speak for his interest to the BOG because "he was in Pittsburgh." Burkle has a private jet. It would have been an hour flight or so. I'm pretty sure he could have made the trip in the morning to get back to Pittsburgh to watch his hockey team (which was playing the next day) if he was truly interested. Or maybe he just doesn't think he's a good public speaker?

He did however have that press release issued about wanting the Kings in Sacramento though. I'm just not sure.

Most of the time it doesn't go anywhere is becuase it's hard to buy sports teams. He's already got one. Just how many do you think he could have accumulated??

His lack of presence in no way indicates he lack of interest. It's a show of power to "send a representative". Especially at this early of a stage. It was his first public show of interest.

Since he's a political player, image is important. He cannot ever be viewed as having performed a hostile take over. He'll only come in if it will look as though he is the savior. Notice how he phrased both statements regarding Kings and Dodgers.

Buying sports teams for him has very little to do with profit. Sports is really entertainment, which is media, which is exposure. It's not a money game for him so much as a status and image, and exposure game. Ownership of the Kings will simply provide him with a venue and platform to engage political leaders and political/business players. The team doing well is all a part of that, but it's NOT about the profit or increase in value where monetary payoff is concerned. It's about his image as a bringer of success. And for all I'm concerned, more power to him.
 
Most of the time it doesn't go anywhere is becuase it's hard to buy sports teams. He's already got one. Just how many do you think he could have accumulated??

His lack of presence in no way indicates he lack of interest. It's a show of power to "send a representative". Especially at this early of a stage. It was his first public show of interest.

Since he's a political player, image is important. He cannot ever be viewed as having performed a hostile take over. He'll only come in if it will look as though he is the savior. Notice how he phrased both statements regarding Kings and Dodgers.

Buying sports teams for him has very little to do with profit. Sports is really entertainment, which is media, which is exposure. It's not a money game for him so much as a status and image, and exposure game. Ownership of the Kings will simply provide him with a venue and platform to engage political leaders and political/business players. The team doing well is all a part of that, but it's NOT about the profit or increase in value where monetary payoff is concerned. It's about his image as a bringer of success. And for all I'm concerned, more power to him.

This.
 
There's a lot of rumors that his private life is no different than the Maloofs' except they make a public display of it and he doesn't seem to.

Wouldn't doubt that. People are allowed to have as much fun as they can.

I think the difference between he and the Maloofs is saavy. Also, when you're as loaded as he is, there tends to be a ring of power and respect around you, with the occasional attempt at defamation by a reporter looking for a headline.
 
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