Kings’ Move to Seattle Now Confirmed by Second Source

November 05, 2012; Sacramento, CA, USA; Sacramento Kings fans hold signs against the Golden State Warriors during the fourth quarter at Sleep Train Arena. The Sacramento Kings defeated the Golden State Warriors 94-92. Mandatory Credit: Kelley L Cox-US PRESSWIRE

An earlier report that said the Kings were sold to a Seattle investment group has been confirmed by a second source.

Per KCRA, a Sacramento news station, sources have told Steve Pyeatt of Save Our Sonics that the deal is “on paper” and “more than just a handshake.”

According to Pyeatt, these sources have never been wrong before.

Matt Steinmetz of CSN first reported the deal had been finalized this morning, with the Maloofs selling the Kings to a Seattle investment group led by Chris Hansen for a record $525 million. In addition, the Maloofs would have no equity whatsoever in the team.

Just about an hour ago, 24-Hour Fitness founder Mark Mastrov said that he is interested in buying the Kings and would keep them in Sacramento.

However, two reputable sources confirming the news that a deal has been reached is very hard to deny. We’ll keep you updated on this, but it’s obvious now that the Kings’ future in Sacramento is in serious jeopardy.

Topics: Sacramento Kings, Seattle

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