The wait continues and other news, rumors, etc.
- Thread starter ParniValjak
- Start date
But it isn't the same, again, I'll reiterate, Schultz chose a lower sale price, the NBA didn't force him to take Bennett's deal. Also, Schultz had other investments outside of his ownership in the Sonics. The Maloofs primary investment these days is the Kings from what I can tell, plus they'd be dictated terms as to who they are selling to. Its not the same situation. Rejecting a Hansen sale only to sell at a lower valuation to Ranadive is not in the Maloofs interest. They want to maximize as much money out of this as they can. Just because Schultz chose to accept a lower bid doesn't mean the Maloofs will do the same, in fact every indication is they want a lot of money out of this deal as they are going broke.
Your splitting hairs. We don't know if the NBA told him that Ellison would not be approved to move the team and he got the best offer from Bennett who said he would stay. We do know the league turned down Ellison for the Hornets and he was forced out of the Warriors bid. So it would fall in line that Shultz knew he couldn't sell to Ellison even if he wanted.
It was tough yes but the maloofs were shady from the start, they were out of towners who may have bought to relocate in the first place but ran into dumb luck in the early 2000's when they bought the team. they endorsed a tax increase which would be voted on then proceeded to trash at the last minute, oh and making a commercial flaunting your billion dollar net worth wasnt going to go over well when asking for tax payer dollars. im sure i missed a few things but regardless of political climate the city never stopped trying, then KJ just took it too a whole other level.
I dont buy that the league is using hansen/ballmer as a chip to out the maloofs, you dont use people of that magnatude without some type of consequence, the league knows the maloofs were not going to survive long term financially after burning the city so i doubt they felt the need to bring in hansen. they knew the maloofs time to sell would come. they wouldnt deliberate this long if seattle didnt have a real shot at the kings.
I dont buy that the league is using hansen/ballmer as a chip to out the maloofs, you dont use people of that magnatude without some type of consequence, the league knows the maloofs were not going to survive long term financially after burning the city so i doubt they felt the need to bring in hansen. they knew the maloofs time to sell would come. they wouldnt deliberate this long if seattle didnt have a real shot at the kings.
And again I'll reiterate that if the NBA strikes down the sale to Hansen the only deal on the table will be from the Sacramento group. You acknowledge that they are going broke so I'll ask - do you think they'd take that deal (where their cut would be around $16-$20 million less than what Hansen has upped his offer to) or do you think they'd refuse, hold on to the team (possibly losing that much money next year owning a bottom dwelling team that they have neither the means or motivation to improve for a fanbase that has turned on them) and spend millions fighting the NBA in court?
The NBA is not eBay. They are not required to ONLY look at the high bid. Consider if a known criminal had the high bid would the BOG have to sell him the team? Or if A billionaire wanted to buy and move a team to Anchorage and they had the high bid should the BOG grant it? 2 years ago the BOG did not approve the move of the Kings to Anaslime (larger TV market) arguably in part because there are fine examples of small market teams the OUTPERFORM large market teams (look at OKC now) My point is that high bid is is not a deciding issue here, especially when the BM are already reaping WAY over market value for their team.
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I'd agree in most cases but I really think this is a sign the Maloofs are out.
We have to assume they've now seen the Sacramento bid which means they know exactly what they'd net in that deal. That being the case, if George wasn't really comfortable taking the Sacramento offer if Hansen's bid is voted down then why make the comment? Why not say nothing at all? Or why not say that you prefer to proceed with your agreed upon sale? If nothing else, it doesn't help the notion of an anti-trust suit when you make public comments that you'll take either deal once the Sacramento groups bid was officially submitted.
I've tried not to get too up or down based on any piece of news, but if this is an accurate quote from George Maloof then that's a significant boost for Sacramento's chances.
We have to assume they've now seen the Sacramento bid which means they know exactly what they'd net in that deal. That being the case, if George wasn't really comfortable taking the Sacramento offer if Hansen's bid is voted down then why make the comment? Why not say nothing at all? Or why not say that you prefer to proceed with your agreed upon sale? If nothing else, it doesn't help the notion of an anti-trust suit when you make public comments that you'll take either deal once the Sacramento groups bid was officially submitted.
I've tried not to get too up or down based on any piece of news, but if this is an accurate quote from George Maloof then that's a significant boost for Sacramento's chances.
Again, I'm trying to be even keeled about all of this, but I WILL say that whatever it is that we think we know I can guarantee that the major players (the Maloofs, Hansen/Ballmer, KJ, Ranadive/Mastrov) have more insight. It certainly is possible that George has an idea of where this is headed, but I don't want to go too far down the road of positive speculation.
You're no fun!
Edit: You are correct though. It seems that the Maloofs want their money now. That certainly sounds like George. The note that said they would be OK with the back up bid seems to be to grease the skids. Unfortunately for them and us yet best for the NBA is that the BOG wants to be sure that an arena can be built. Perhaps the arena's construction truly is the only issue in play at the moment. That's what a spokesperson (can't keep them straight) indicated was holding things up.
Now switching to Kings fan persona, the only thing that could be resolved in a few weeks is if a few parcels of land can be sold to the Sacramento group. I doubt if that time frame was to allow a legal process to run its route. (I'm not sure exactly what law suit is holding things up in Seattle or actually if there is one)
Edit: You are correct though. It seems that the Maloofs want their money now. That certainly sounds like George. The note that said they would be OK with the back up bid seems to be to grease the skids. Unfortunately for them and us yet best for the NBA is that the BOG wants to be sure that an arena can be built. Perhaps the arena's construction truly is the only issue in play at the moment. That's what a spokesperson (can't keep them straight) indicated was holding things up.
Now switching to Kings fan persona, the only thing that could be resolved in a few weeks is if a few parcels of land can be sold to the Sacramento group. I doubt if that time frame was to allow a legal process to run its route. (I'm not sure exactly what law suit is holding things up in Seattle or actually if there is one)
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This:
And then this:
Ok I have to call pathology here.
George is sick. Mentally ill. And I mean in the literal, serious way, not as an insult. Pathological liar. From the wikipidia article:
I think it's a compulsion with him. It's beyond our rational ability to comprehend because he does not lie for rational reasons.
And then this:
Ok I have to call pathology here.
George is sick. Mentally ill. And I mean in the literal, serious way, not as an insult. Pathological liar. From the wikipidia article:
I think it's a compulsion with him. It's beyond our rational ability to comprehend because he does not lie for rational reasons.
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My diagnosis based on all available evidence is that he is a spoiled arrogant bastard who finds it impossible to tolerate frustration. Kinda like a 2 year old. I don't think the other brothers are like him at least their public face. I'd love to know what went on in this family that they thought George should be the boss of this operation unless he was the only one with a smidgeon of business sense.