Maloof Response to new plan
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Here's what's going on with the Mets:
http://blogs.villagevoice.com/runninscared/2011/02/if_mets_go_unde.php
There are some parallels between the Wilpons and the Maloofs. Chief among them, the Wilpons really aren't rich enough to own the Mets. I think the same thing can be said about the Maloofs and the Kings right now.
That really is the largest issue. Can the Maloofs really afford an NBA franchise at this point in time?
There's really nothing personal about it. But if Larry Ellison was to jump in right now and rescue the Maloofs, the Kings would be gone ASAP.
http://blogs.villagevoice.com/runninscared/2011/02/if_mets_go_unde.php
There are some parallels between the Wilpons and the Maloofs. Chief among them, the Wilpons really aren't rich enough to own the Mets. I think the same thing can be said about the Maloofs and the Kings right now.
That really is the largest issue. Can the Maloofs really afford an NBA franchise at this point in time?
There's really nothing personal about it. But if Larry Ellison was to jump in right now and rescue the Maloofs, the Kings would be gone ASAP.
Here, here. Except for changing the consitution, everything else should be majority rules. Non of this supermajority crap. Considering low voter turnout, it actually takes far less than 1/3 of the eligible voters to vote anything down. In realistic terms, it is not "the majority have spopken" in any sense of the word majority.
You ignore the fact that the Kings and the Palms are completely separate businesses. If the Maloofs had to sell the team to save the Palms and if they wanted to save a controlling interest in the Palms, they wouldn't keep saying the team is absolutely not for sale. They would have to sell the team and get the league to approve the sale before March 1st. I don't think they'd be telling the media the team is not for sale at this point and we be hearing about real offers for the team, not people's made up rumors.
They are looking at offers on where to possibly move the team, but are adamant they aren't considering selling the team. Larry Ellison can't buy something that's not for sale regardless of how much money he has.
Furthermore, for all we know, the Maloofs may be resigned to being a minority owner in the Palms, if they can't make the payment. They aren't going to lose everything, unless they want to, as they are involoved in negotiations that would leave them as minority owners of the Palms. They don't want that, but it's not the same as losing everything.
They are ahead on their payments to the city, remember and the city has collateral in the land and team, if it so happens that the ownership were to default (which we have absolutely no hint of). I think the land and arena and an interest in the franchise would more than pay back the city. I also don't see that happening and certainly not because of what may or may not happen to the Palms.
Its easy to dream up all the worst disaster scenarios, but that doen't mean they bear any relationship to what may be actually happening. The most likely thing to happen is the Taylor/ICON analysis shows Sacramento can't get an arena and the Maloofs move the team to a place with an NBA-acceptable arena. At this point, Sacramento is on its last shot and one I honestly didn't think we'd get after the Cal-Expo deal fell through.
They are looking at offers on where to possibly move the team, but are adamant they aren't considering selling the team. Larry Ellison can't buy something that's not for sale regardless of how much money he has.
Furthermore, for all we know, the Maloofs may be resigned to being a minority owner in the Palms, if they can't make the payment. They aren't going to lose everything, unless they want to, as they are involoved in negotiations that would leave them as minority owners of the Palms. They don't want that, but it's not the same as losing everything.
They are ahead on their payments to the city, remember and the city has collateral in the land and team, if it so happens that the ownership were to default (which we have absolutely no hint of). I think the land and arena and an interest in the franchise would more than pay back the city. I also don't see that happening and certainly not because of what may or may not happen to the Palms.
Its easy to dream up all the worst disaster scenarios, but that doen't mean they bear any relationship to what may be actually happening. The most likely thing to happen is the Taylor/ICON analysis shows Sacramento can't get an arena and the Maloofs move the team to a place with an NBA-acceptable arena. At this point, Sacramento is on its last shot and one I honestly didn't think we'd get after the Cal-Expo deal fell through.
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I guess my overall thoughts on this are this... We obviously don't have a rosey picture with this arena situation. I'm sure a great many are concerned and are really hoping this will work out some how. The Kings are a giant asset to this city and losing them will be lamented for many decades around town. Even the die hard anti-arena people should at least have a clue that this is true. I just don't see what the point is obsessing over the doom and gloom and how important it is to be right about this? Is there going to be a logjam of people lined up to jump off the American River bridge and being first is winning?
I just don't get the negativity. The only way I can wrap my head around this is that either you are posing as a Kings fan with an agenda to troll about anything related to a new arena or you guys really are no fun at parties with the doom cloud floating above you. I can live with myself being as optimistic as I can muster and then having it turn out badly in the end. But I see no joy in being first to jump.
I just don't get the negativity. The only way I can wrap my head around this is that either you are posing as a Kings fan with an agenda to troll about anything related to a new arena or you guys really are no fun at parties with the doom cloud floating above you. I can live with myself being as optimistic as I can muster and then having it turn out badly in the end. But I see no joy in being first to jump.
Yeah the Maloofs are the voting part of the group. The others are limited partners.
Found it in this years media guide:
Maloof Family:
Joe, Gavin, Collen, George, Adrienne and Phil.
Limited Partners:
Joe Benvenuti (original)
Bob Cook (original)
Bob Hernreich
John Kehriotis
Dave Luccheti
Found it in this years media guide:
Maloof Family:
Joe, Gavin, Collen, George, Adrienne and Phil.
Limited Partners:
Joe Benvenuti (original)
Bob Cook (original)
Bob Hernreich
John Kehriotis
Dave Luccheti
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