Report: Sacramento Kings Being Sold To Seattle-Based Group
The purchase to a group led by Chris Hansen
, a Seattle native living in the San Francisco area, is not complete, and the Maloofs have a history of bailing on major deals at the last minute, as Sacramento officials know from getting their hearts broken in arena negotiations in the Northern California city. But if details from the very reliable Wojnarowski are completed, chances are good the NBA is forever leaving a town that has supported professional basketball like few others.
Seattle has already secured financing for an arena and was only waiting on having a team in place before moving forward with construction. The hope there all along has been for the relocated franchise to be re-named the SuperSonics, wear the familiar green and gold, and play in KeyArena until the new building is completed. That, Seattle Mayor Michael McGinn told NBA.com in October
, would likely mean two seasons in the old facility.
The Maloofs are expected to keep an extremely small percentage of team, but will have no real input or say in franchise, sources say.