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Seattle SuperSonics Thread
- Thread in 'Sports & Training' Thread starter Started by 651akathepaul,
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Not even mad at Kev Johnson
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KJ is. if they keep the Kings, they should build him a statue.
If they get a new arena, they need to name it after him.
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They might name the court after him if it happens. Or a luxury suite.
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If we don't get the kings I honestly would not be mad at all or even disappointed. Sacramento has done 99x more than it should have to and it still fights to keep them. Y'all got a good mayor. Keep him
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Sacramento Kings hope they have their money men.
by Sam Amick, USA TODAY Sports
Published: 01/22/2013 11:36pm
SACRAMENTO, Calif. -- As Sacramento officials continue to prepare a counter-offer to keep the Kings from being sold to the Seattle-based group led by hedge fund manager Chris Hansen and Microsoft CEO Steve Ballmer, it appears they they have their money men.
According to a person with knowledge of the situation, 24-Hour Fitness Founder Mark Mastrov and billionaire Ron Burkle - who is part owner of the NHL's Pittsburgh Penguins - are in serious talks to collaborate on a bid to buy the Kings. The person spoke to USA TODAY Sports on condition of anonymity because of the private nature of the talks. The fact that the two men are willing to join forces is seen as significant by Sacramento supporters. There are five potential owners currently in play, but Mastrov and Burkle are seen as the heaviest hitters among that group.
Burkle is known to be focused on the arena plan that is unfolding at Sacramento's downtown plaza, where the property's new owners, JMA Ventures, have shown an interest in partnering with prospective owners of the Kings on the project. Mastrov made a serious bid to buy the Golden State Warriors before the team was purchased by the Joe Lacob/Peter Guber group in July 2010.
The Maloof family that has a 53 percent majority interest and minority owner Bob Hernreich have reached an agreement with the Hansen-Ballmer group that must be approved by the NBA's Board of Governor's, with the deal set to pay them approximately $341 million for 65 percent of the team (a $525 million valuation). But Sacramento mayor and former NBA point guard Kevin Johson has been told by commissioner David Stern that he still has a chance to save his team if he can provide the funds to compete with the Seattle offer as well as a viable arena plan and present both to the Board of Governors.
by Sam Amick, USA TODAY Sports
Published: 01/22/2013 11:36pm
SACRAMENTO, Calif. -- As Sacramento officials continue to prepare a counter-offer to keep the Kings from being sold to the Seattle-based group led by hedge fund manager Chris Hansen and Microsoft CEO Steve Ballmer, it appears they they have their money men.
According to a person with knowledge of the situation, 24-Hour Fitness Founder Mark Mastrov and billionaire Ron Burkle - who is part owner of the NHL's Pittsburgh Penguins - are in serious talks to collaborate on a bid to buy the Kings. The person spoke to USA TODAY Sports on condition of anonymity because of the private nature of the talks. The fact that the two men are willing to join forces is seen as significant by Sacramento supporters. There are five potential owners currently in play, but Mastrov and Burkle are seen as the heaviest hitters among that group.
Burkle is known to be focused on the arena plan that is unfolding at Sacramento's downtown plaza, where the property's new owners, JMA Ventures, have shown an interest in partnering with prospective owners of the Kings on the project. Mastrov made a serious bid to buy the Golden State Warriors before the team was purchased by the Joe Lacob/Peter Guber group in July 2010.
The Maloof family that has a 53 percent majority interest and minority owner Bob Hernreich have reached an agreement with the Hansen-Ballmer group that must be approved by the NBA's Board of Governor's, with the deal set to pay them approximately $341 million for 65 percent of the team (a $525 million valuation). But Sacramento mayor and former NBA point guard Kevin Johson has been told by commissioner David Stern that he still has a chance to save his team if he can provide the funds to compete with the Seattle offer as well as a viable arena plan and present both to the Board of Governors.
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Deleted member 38182
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Burkstrov bomb?
But if those two are the biggest hitters, then that means no Broad or Ellison
But if those two are the biggest hitters, then that means no Broad or Ellison
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Classy by KJ. I respect that.
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Today is a good day.... sucks knowing there will be plenty more ****** days (like Monday), when they file for relocation, when the bidding of the 7% goes down, and the last home game the day before the BoG meeting. But today, I shall enjoy this
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The Kings have been sold to Hansen. If the NBA blocks the sale Hansen can take this to court. David Stern does not want that.
My gut feeling is telling me that the Kings will be in Seattle next year.
My gut feeling is telling me that the Kings will be in Seattle next year.
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is it done deal? i dont understand whats taking so long and putting hope or giving chance to Sac? im confused but unless someone with deep pockets steps up, Kings aint staying.
i just want it done with already
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^^^^
The sale needs to be approved by the NBA. I can't see the NBA stepping in and telling owners who they can and can't sell to.
The sale needs to be approved by the NBA. I can't see the NBA stepping in and telling owners who they can and can't sell to.
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this part confuses me.... Why is Stern even saying this?
Like what does that even mean? A chance?
especially when its a foregone conclusion that Seattle has the Kings
[h1] [/h1]
Like what does that even mean? A chance?
especially when its a foregone conclusion that Seattle has the Kings
[h1] [/h1]
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Kings dont have their money men, they got 19 guys to chip in $1 million each
try again.
unless you got a billionaire who wants to own a team in sacramento and spend more money running the team then im sure he would have stepped in months ago.
no idea whats the point in playing this back and forth stuff
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Deleted member 38182
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Kings dont have their money men, they got1920 guys to chip in $1 million each
try again.
unless you got a billionaire who wants to own a team in sacramento and spend more money running the team then im sure he would have stepped in months ago.
no idea whats the point in playing this back and forth stuff
What?!? The point of those 20 local folks (that KJ found in 3 days) was to show that there was a strong local interest in keeping the team here. You think Kj is trying to find 400 millionaires? C'mon son, you try again.
Burkle, Mastrov, Broad?, Ellison? those will be the main equity in the deal and the dudes we are counting on.
I'm just gonna give you the benefit of the doubt and say you didn't read the article I just posted or haven't check twitter in the last 2 hours about Sacramento...
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not saying 400 guys to chip in 1 mill each
im saying thats whats happened so far
no one with deep enough pockets its gonna drop the cash, it would have happened already. am i right? i doubt someone will have a change of heart last minute and say screw it, let me throw away 360 million dollars.
plus Stern has no say in the deal anyways. Its all up to the BOG
im saying thats whats happened so far
no one with deep enough pockets its gonna drop the cash, it would have happened already. am i right? i doubt someone will have a change of heart last minute and say screw it, let me throw away 360 million dollars.
plus Stern has no say in the deal anyways. Its all up to the BOG
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Deleted member 38182
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Dude, it just happened... did you read the spoiler I just posted or the article??
Burkle+Mastrov is huge. Especially when Mastrov already was close to owning the Warriors.
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i didnt read it and i dont read basketball stuff on twitter
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Those 19 investors are to show the community still wants the team around. The HereWeBuy grassroots effort shows the fans still want the team around. These two will be shown to the BOG that Sacramento is not only a viable market, but a market that can flourish.
The Whales will be the icing on the cake in KJs plan because, like the Hansen-Ballmer group, we also have an arena plan in place. David Taylor confirmed AEG hasn't backed off the deal that was constructed.
The Whales will be the icing on the cake in KJs plan because, like the Hansen-Ballmer group, we also have an arena plan in place. David Taylor confirmed AEG hasn't backed off the deal that was constructed.
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Hansen take Stern to court? Over what?
I hope you're not refferring to the non-refundable 30 million..
Because Hansen has no case when everybody knows every sale is subject to NBA approval since it it a franchise, so a non-refundable deposit is irrelevent.
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double
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Hansen take Stern to court? Over what?
I hope you're not refferring to the non-refundable 30 million..
Because Hansen has no case when everybody knows every sale is subject to NBA approval since it it a franchise, so a non-refundable deposit is irrelevent.
Yes, I'm sure Hansen hasn't thought this through at all. He's just handing over $30 million with no plan beyond that. The guy's only been working on this project meticulously for two years,.
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Hansen take Stern to court? Over what?
I hope you're not refferring to the non-refundable 30 million..
Because Hansen has no case when everybody knows every sale is subject to NBA approval since it it a franchise, so a non-refundable deposit is irrelevent.
Yes, I'm sure Hansen hasn't thought this through at all. He's just handing over $30 million with no plan beyond that. The guy's only been working on this project meticulously for two years,.
So then explain what kind of case Hansen would have..
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You have Google. People (sports lawyers, specifically) have weighed in on it.
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