Which old Kings player do you miss the most?
- Thread starter Darth Divac
- Start date
That includes the part in bankruptcy? I have lost track of what is what. Anyway, I am sure they are just along for the ride just like the other minority owners. I am still not clear if the 3 whales and one whale pod (Jacobs brothers) are divided up so you have one majority partner and 3 minority partners or whether the 4 are all together with one speaking for them. If it were me, I'd rather be a minority owner which gives me the ability to sell rather than being part of a group.
The 65% is what the Maloofs control and what they sold to Hansen's team (some of that is Bob Herneich's but Maloofs control it).
The 7% in bankruptcy is separate, and that was purchased by one of the existing minority owners whose name I forgot.
The 20-25 $1 million investors had been talked about as far as bidding on the 7%, but that didn't happen. Instead they are part of the group bidding on the shares the Maloofs control.
There are three "whales" bidding on that 65% (Ranadive, Mastrov and the Jacobs family), plus other local investors. We don't know the break down of who will pay/own what out of that group, and I don't think they know yet. It has all been very fluid. But what they're putting forward to the NBA is that some combination of that group will own the team and invest in the arena and that among them there is the resources and commitment to follow through. So changes like removing Burkle or adding in new local investors don't really change the story.
The 7% in bankruptcy is separate, and that was purchased by one of the existing minority owners whose name I forgot.
The 20-25 $1 million investors had been talked about as far as bidding on the 7%, but that didn't happen. Instead they are part of the group bidding on the shares the Maloofs control.
There are three "whales" bidding on that 65% (Ranadive, Mastrov and the Jacobs family), plus other local investors. We don't know the break down of who will pay/own what out of that group, and I don't think they know yet. It has all been very fluid. But what they're putting forward to the NBA is that some combination of that group will own the team and invest in the arena and that among them there is the resources and commitment to follow through. So changes like removing Burkle or adding in new local investors don't really change the story.
On a related note, here's a transcript of a note that President Bill Clinton wrote to Chris Webber shortly after the infamous timeout fiasco:
From: http://deadspin.com/read-the-letter-...afte-471446502
I'm not posting this for any kind of political discussion (forbidden by our rules) but to emphasize that I think it was pretty incredible for the President of the United States to write the note at all. And, as Clinton predicted, Webber did have a great future ahead of him.
From: http://deadspin.com/read-the-letter-...afte-471446502
I'm not posting this for any kind of political discussion (forbidden by our rules) but to emphasize that I think it was pretty incredible for the President of the United States to write the note at all. And, as Clinton predicted, Webber did have a great future ahead of him.
Combination of Peja/DC/Ron. Peja was my favorite player during the golden generation, and was actually one of the top couple of players in the association at one point during the year of his MVP run when Cwebb was hurt. DC, consummate professional who was just one of the best role playing 2's of all time. Ron, even though was here only a short amount of time left it on the floor, praised the city, and that playoff run with him/bonzi when we took the Spurs to a hard fought 6 was one of my top 3 favorite seasons
