The major hangup with the sale of the Kings to a Seattle investment group is the Maloof brothers’ stubbornness. According to Ric Bucher’s source, the Maloofs still want a say in how the team is run, even after they sell the Kings.
If not, they will threaten to sell the team to an investor in Orange County, which almost wooed the Kings earlier in 2012. Bucher says that the “sweetheart deal” is still waiting for the Maloofs to take, and if the NBA owners do not approve of the deal, they could file an anti-trust law suit.
The past 24 hours have been as hectic as ever for the Kings.
Early on Friday morning, George Maloof told a local news station that a deal to sell the Kings to a Seattle investment group led by Chris Hansen was “not close.”
However, CSN reported later in the morning that the deal had been finalized and done, with an announcement coming early next week. That report was later confirmed by a second source.
Neither side is commenting on the potential sale, and there has been no official word of a deal made.
Stay tuned to Golden Gate Sports for your latest updates on the Sacramento Kings’ ongoing situation.