Maloofs still on fence about move

[RookieOfTheDay]

Un-flipping believable. You can't make this stuff up.

“shared concerns about whether their finances can withstand several years of waiting for a new arena to be built”.

So they openly admit they don’t think they can afford to run the team, even with 10 million in new sponsorships and Comcast willing to up their TV deal, yet they still won’t step aside and let someone take over who can. If only there were a way that the NBA could just get rid of these deadbeats.

http://www.sacbee.com/2011/04/28/3584712/sacramento-kings-owners-reportedly.html#disqus_thread

 

[Aenadin]

they just keep making it Easy for the pro-sacramento crew....

THERE it IS... they cannot last THAT long nor can financially wait for a new arena.... so their solution is what? take on MORE debt and move to a bigger market that has shown not even a quarter of interest? 1700 waiting list for tickets? that is pathetic. not to mention the expenses they will shell out in Free agency, promoting their product. among other things.

these clearly screams the team needs to be removed from them, how much more damage will these so called business men do before they realize they just don't fit in the league anymore. yet they say they are still undecided, and still sticking to the guns that they will not sell, that anaheim is where the pot of gold is at the end of their rainbow.

 

[Brac-o-matic]

"NBA officials, in turn, told the Maloofs to stay in Sacramento."

Told...not asked? And they still may file? If that's true, then the Maloofs are even bigger failures than I thought. And that is saying something. Sell...please!

 

[Capt. Factorial]

Maloofs in hole, uncertain about whether to keep digging.

 

[pdxKingsFan]

They aren't uncertain about moving, they're uncertain about how they are going to look filing despite the whole world telling them not to and what the repercussions of being castrated by the league after doing so will be.

 

[=LarryLegend=]

Although the Maloofs have until Monday to file an application to relocate to Anaheim, sources close to the family expect an announcement before the weekend. I also continue to hear that diverging opinions exist within the family - some wanting to sell, others determined to retain ownership even if that means returning to Sacramento and figuring out a way to handle the situation from a p.r. standpoint. Ultimately, this is Joe and Gavin's deal.

http://blogs.sacbee.com/sports/kings/archives/2011/04/maloofs-decisio.html#ixzz1KockBl2f<br />


I am going to guess mama Maloof and Phil?

 

[Section 101]

although the maloofs have until monday to file an application to relocate to anaheim, sources close to the family expect an announcement before the weekend. I also continue to hear that diverging opinions exist within the family - some wanting to sell, others determined to retain ownership even if that means returning to sacramento and figuring out a way to handle the situation from a p.r. Standpoint. Ultimately, this is joe and gavin's deal.

http://blogs.sacbee.com/sports/kings/archives/2011/04/maloofs-decisio.html#ixzz1kockbl2f<br />


i am going to guess mama maloof and phil?

here we sell !

 

[est.1999]

You guys obviously know I've been trying to get their backs through out most of this ordeal, but they've got to be flipping idiots if they still decide to follow through with a relocation attempt. They should shut their mouths and comply with the NBA and KJ.

I really can't take their sides anymore. They're acting a little too desperate right now. If things work out in sac with a new arena and cable deal they'll make way more than they would in Anaheim. They just seem way too desperate for that loan from Samuelli right now. It's disgusting.

 

[Fireplug]

Since Maloofs still on fence, I wouldn't be surprised if they DO file before deadline because they have the option still to rescind, before a vote takes place, when they finally do decide how to fix this debacle. This deadline, after all, is only a deadline to file, remember. They can still take it back. Buys them more time if they do file, which they obviously need based on the reports of turmoil even within their own family. The Maloofs will believe they can still later spin it as just keeping options open if they file because it is a soft deadline for actual moving. Not saying they should do it, or that is even in their best interests to do so, but they still seem to not "get it" yet as to what is really happening around them.

 

[pdxKingsFan]

Since Maloofs still on fence, I wouldn't be surprised if they DO file before deadline because they have the option still to rescind, before a vote takes place, when they finally do decide how to fix this debacle. This deadline, after all, is only a deadline to file, remember. They can still take it back. Buys them more time if they do file, which they obviously need based on the reports of turmoil even within their own family. The Maloofs will believe they can still later spin it as just keeping options open if they file because it is a soft deadline for actual moving.

I don't disagree with any of this except for the fact that they have already created a PR nightmare for themselves and there is just no way to walk this back if they file and then don't move. They will be done in Sac and yet still have to play out the season with the whole world looking on at them negatively.

Of course they still might just be too stubborn to care.

 

[Section 101]

Since Maloofs still on fence, I wouldn't be surprised if they DO file before deadline because they have the option still to rescind, before a vote takes place, when they finally do decide how to fix this debacle. This deadline, after all, is only a deadline to file, remember. They can still take it back. Buys them more time if they do file, which they obviously need based on the reports of turmoil even within their own family. The Maloofs will believe they can still later spin it as just keeping options open if they file because it is a soft deadline for actual moving. Not saying they should do it, or that is even in their best interests to do so, but they still seem to not "get it" yet as to what is really happening around them.

There are 2 things going against this.

1. It gives sacramento more time to get the arean feasabilty plan done. If the plan comes out that it could be done then they wont get the votes and have just wasted the NBA's time and money.

2. It's a huge gamble for Samueli and Anaheim. If the NBA comes back after it's studies and votes against the move then the only team they can get is the Clippers. Better to not have a vote now and hope the next team is in reallly bad shape compared to Anaheim.

 

[JB_kings]

I don't think the league can afford one of their franchises going rouge during the upcoming CBA negotiations. I think they can expect some harsh treatment if they start thinking about filing. I think they NBA is giving them a choice of stay or sell. And given their behavior and proven bad faith efforts in the Sacramento market over the past 5 years or so, I would bet the NBA is urging them to sell.

 

[Larry David]

My guess is that while everything is jointly owned, the family dynamic is that the Kings are viewed as Joe and Gavin’s floundering toy and the Palm’s is George’s floundering toy. And nobody wants to sell their floundering toy to prop up the other. Whereas the sister view reality TV as her thing … and lord only knows what’s on Phil’s mind.

I doubt that anybody is looking to dip into the family wealth to bail either business out – certainly not Adrienne or Phil.

So just a guess, Joe and Gavin don’t have the family votes to fix the Kings with family money … and as the other siblings look at this giant sink hole continue to expand, Joe and Gavin get a little testy at the suggestion that “their” enterprise needs to go next.

That happens a lot in situations like this. I don’t want to give up mine, we should do ___ continues until things get bad enough that people are forced to see the writing on the wall.

 

[Trueblood]

I am going to guess mama Maloof and Phil?

And George. He's Mr. Palms and probably thinks that selling the Kings will help the family regain their 100% stake in the Palms although I have no idea if they can do that or if it's in the contract with Caesar's or whoever took over.

Phil needs all of them to keep making money so that he can do whatever it is he does. Without their money, he's pretty much on the street so I'm guessing he wants them to sell the team which brings in such a small return, if any.

Mama's a business woman and is probably pushing the Anaheim deal and if no deal, then she most likely wants a sale as well.

This is definitely Joe and Gavin's battle.

 

[Fireplug]

There are 2 things going against this.

1. It gives sacramento more time to get the arean feasabilty plan done. If the plan comes out that it could be done then they wont get the votes and have just wasted the NBA's time and money.

2. It's a huge gamble for Samueli and Anaheim. If the NBA comes back after it's studies and votes against the move then the only team they can get is the Clippers. Better to not have a vote now and hope the next team is in reallly bad shape compared to Anaheim.

Well, seeing how Arena feasibility is actually the linchpin of everything, I am not entirely certain the league has a huge problem with letting the Maloofs "continue to keep options open" by filing, knowing that the BOG have, what, 120 days before the vote has to happen then (if I remember correctly) and the Sacramento Arena Plan will be much further along by then. Conceivably, the teleconference could have been the league telling Samueli and Anaheim that they are still desirable and in the picture, but only if the Sac. Arena plan falls through because that is fair to the fans in Sacramento, bla bla bla. Still means league prefers Sacramento, but Anaheim should be patient because if Sac deal falls through then they are next up.

Essentially this is what the league is saying about giving us another year to get our S together, but the Maloofs may feel (do feel) that 120 days is probably long enough to decide.

 

[NewKingsFan916]

:d :d :d :d

 

[ArcoKings]

Major Update?:


Ryan_Lillis Ryan Lillis
@KJ_MayorJohnson just got a call and bolted off the stage in the middle of a downtown railyard ceremony. In his SUV now.


Ryan_Lillis Ryan Lillis
@KJ_MayorJohnson won't say who he was talking with on phone but refuses to say if he's spoken with David Stern

This is getting good. Stay tuned!!!

 

[Glenn]

No team in a small/medium market can make a profit. I am talking about profit making and nothing else. If the NBA thinks that it is OK for deep pockets to buy an NBA team and use it as a plaything on which they can lose money and ignore that some people want to make money, they are on the wrong track. I think the Maloofs are desperate for revenue sharing. So are most teams in the bottom half of media size. 22 teams lost money last year. What kind of business model is that?

The players are making a huge living on the backs of fans who can barely afford a ticket. Therefore players are dependent on corporations.

They are also making a huge living on the backs of the ultra-rich who don't mind losing millions just to be able to mingle with tall guys. The Maloofs need to make money and don't we all.

 

[funkykingston]

We will likely never know the whole story, but I kind of wish I knew what the Maloofs see (or at least saw) in Anaheim. Being tenants at the Honda center gave them a split of revenue that they would (and have) scoffed at in Sacramento. They would have had to fight to be the second most popular basketball team in Southern California and while they may have gotten more TV money they were taking on an additional $75 million in debt to move.

From a business perspective it never made a ton of sense. And with KJ showing that there IS untapped business support in Sacramento, it makes even less.

Add to that the NBA telling them to stay and I have a hard time seeing why they haven't already come out with a decision yet though I have a few possible reasons why.

1. It's a face saving gesture where they don't want to be portrayed as having their hands slapped and being forced back to Sacramento. The Maloofs seem to wear their emotions on their sleeves and like being seen as good guys. So maybe they want it to seem like they "chose" to come back to Sacramento rather than being forced.

That's a possibility, but really if that were the case they should have done it as soon as KJ showed the money was in Sacramento and the arena deal was moving forward so it really did look like their idea.

2. They know they can't move and the decision being made isn't about relocation but about whether to sell the team or not. This seems most plausible to me.

3. They are still trying to find a way to move the team and gather the votes they need. I could really see this being the case. The Maloofs don't strike me as cold calculating business men. They seem like emotional gamblers who might try a hail mary rather than return to Sacramento where they feel they have been mistreated and villified.

We'll see. I have no inside information, but the Maloofs words and actions seem desperate and they have clearly been stunned by the league seemingly opposing their move. I think they feel cornered and cheated since they saw Anaheim as a way to reverse the team's fortunes (financially AND on the court) and are frustrated without a great option.

I didn't think this was the case even last week, but right now I think the odds are that they sell the team.

 

[RookieOfTheDay]

No team in a small/medium market can make a profit. I am talking about profit making and nothing else. If the NBA thinks that it is OK for deep pockets to buy an NBA team and use it as a plaything on which they can lose money and ignore that some people want to make money, they are on the wrong track. I think the Maloofs are desperate for revenue sharing. So are most teams in the bottom half of media size. 22 teams lost money last year. What kind of business model is that?

The players are making a huge living on the backs of fans who can barely afford a ticket. Therefore players are dependent on corporations.

They are also making a huge living on the backs of the ultra-rich who don't mind losing millions just to be able to mingle with tall guys. The Maloofs need to make money and don't we all.

Don't disagree with anything you said there but that's a problem that needs to be fixed by the NBA, not by owners deserting smaller markets to oversaturate the biggest markets.

 

[RookieOfTheDay]

We will likely never know the whole story, but I kind of wish I knew what the Maloofs see (or at least saw) in Anaheim. Being tenants at the Honda center gave them a split of revenue that they would (and have) scoffed at in Sacramento. They would have had to fight to be the second most popular basketball team in Southern California and while they may have gotten more TV money they were taking on an additional $75 million in debt to move.

From a business perspective it never made a ton of sense.

If I had to guess, I'd say that either they were getting a huge personal loan from Samueli, or that they planned on selling the team to Samuel at a premium price once they moved there. There simply has to be more to it than the deal we saw because that deal sucked.

 

[funkykingston]

No team in a small/medium market can make a profit.

Do you have evidence to support that statement?

I'm all for revenue sharing in the NBA as a way of leveling the playing field for all teams, but I can't accept the notion that small teams can't make a profit without proof.

 

[RookieOfTheDay]

Do you have evidence to support that statement?

I'm all for revenue sharing in the NBA as a way of leveling the playing field for all teams, but I can't accept the notion that small teams can't make a profit without proof.

It's a blanket statement and false. The Kings made profits for years. Oklahoma City makes a profit and it's half the size of Sacramento. It can be done but it everything has to go just right to do it.

 

[Trueblood]

No team in a small/medium market can make a profit. I am talking about profit making and nothing else. If the NBA thinks that it is OK for deep pockets to buy an NBA team and use it as a plaything on which they can lose money and ignore that some people want to make money, they are on the wrong track. I think the Maloofs are desperate for revenue sharing. So are most teams in the bottom half of media size. 22 teams lost money last year. What kind of business model is that?

The players are making a huge living on the backs of fans who can barely afford a ticket. Therefore players are dependent on corporations.

They are also making a huge living on the backs of the ultra-rich who don't mind losing millions just to be able to mingle with tall guys. The Maloofs need to make money and don't we all.

That's why they're going to change the business model in the new cba.

 

[Glenn]

Don't disagree with anything you said there but that's a problem that needs to be fixed by the NBA, not by owners deserting smaller markets to oversaturate the biggest markets.

You are so ****ing angry at the Maloofs that you cannot see that over half the league is in trouble and we are just the popular face on the underlying problem. The underlying problem is not the Maloofs. That might disappoint you as your hatred blinds even rational converstation.

If the NBA doesn't restructure, it could be in very bad shape despite the fact there are tons of ball players that can play the game. The problem is with money and the Maloofs aren't the only ones in trouble and you should know that because you knew why the Timberwolves wanted to sell/relocate for the same reason in 1994. Look up the details on Wikipedia. Were you angry at the ownership of the T'Wolves before Glen Taylor saved the day. No. You didn't give a **** back then. It was some one else in deep trouble. Just because the Maloofs impact you in your very small world of hatred, does not make you right.

 

[RookieOfTheDay]

You are so ****ing angrry at the Maloofs that you cannot see that over half the league is in trouble and we are just the popular face on the underlying problem. The underlying problem is not the Maloofs. That might disappoint you as your hatred blinds even rational converstation.

If the NBA doesn't restructure, it could be in very bad shape despite the fact there are tons of ball players that can play the game. The problem is with money and the Maloofs aren't the only ones introuble and you should know that because you knew why the Timberwolves wanted to sell/relocate for the same reason in 1994. Look up the details on Wiipedia. Were you angry at the ownership of the T'Wolves before Glen Taylor saved the day. No. You didn;'t give a ****. Just because the Maloofs impact you in your very small world of hatred, does not make you right.

Dude, did you read what I said? I said..Don't disagree with anything you said there. I fully get that it's tough to make a profit and that many teams don't. I also get that it needs to be fixed. I'm just saying that the way you fix it isn't by deserting smaller markets and cramming all the teams into the biggest cities. The first step toward fixing it, as much as it sucks, is going on lockout until the players agree to accept more reasonable salaries.

 

[Glenn]

Do you have evidence to support that statement?

I'm all for revenue sharing in the NBA as a way of leveling the playing field for all teams, but I can't accept the notion that small teams can't make a profit without proof.

All I know is that 22 teams lost money last year.

For fun and giggles, I'll bet you can quickly rattle off the 8 teams that made money. LA, New York, Boston, Chicago etc. I'll spot you 4 teams.

 

[Glenn]

Dude, did you read what I said? I said..Don't disagree with anything you said there. I fully get that it's tough to make a profit and that many teams don't. I also get that it needs to be fixed. I'm just saying that the way you fix it isn't by deserting smaller markets and cramming all the teams into the biggest cities. The first step toward fixing it, as much as it sucks, is going on lockout until the players agree to accept more reasonable salaries.

What I find offensive about you, is that you cannot look at seeing the big picture without getting a shot at the Maloofs. I read what you said. The NBA at this moment in time has changed nothing. They have talked about change. The Maloofs have been talking for years. Until there is action by the NBA I'd be looking out for my own ***.

 

[RookieOfTheDay]

All I know is that 22 teams lost money last year.

We know the NBA model is broken. That's what the CBA is for. I don't see why you're bringing it up in regards to the Maloofs. Do you see the other 21 owners who lost money trying to shoehorn their teams into a top 5 market?

 

[RookieOfTheDay]

What I find offensive about you, is that you cannot look at seeing the big picture without getting a shot at the Maloofs. I read what you said. The NBA at this moment in time has changed nothing. They have talked about change. The Maloofs have been talking for years. Until there is action by the NBA I'd be looking out for my own ***.

I see the big picture. Part of that picture is that the Maloofs helped dig this hole by putting crap on the court and asking premium prices to watch it. Don't even get me started on their role in arena failures. Clearly they're trying to save their hides at this point but does that mean i have sympathy for them? Hell no! They were once good owners, but that time has passed some time ago. What are you on the Maloof's payroll? You're acting like they share no part of the blame.