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Kings Update: Three Sacramento Groups Interested in Buying Team, the Fight Turns Political

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

The Maloofs may have struck a deal to sell the Kings to Chris Hansen’s investment group and relocate them to Seattle, but the fight to keep them in Sacramento is not over.

Mayor Kevin Johnson will have the opportunity to present a counter-offer at the next NBA Board of Governors meeting in a last-ditch attempt to convince the 29 other owners to strike the deal down.

Sources have told NBC Sports that there are three investment groups interested in presenting a counter-offer to buy the Kings and keep them in Sacramento. The groups have both the vision and money to “transform one of the NBA’s most proven markets into a top franchise.”

Johnson will speak about the latest goings-on at a 2 p.m. press conference on Tuesday.

The Fight Turns Political

USA Today has received a copy of a letter from California Senate President Pro Tem Darrell Steinberg intended for California Department of General Services director Fred Klass, stating complaints about Microsoft CEO Steve Ballmer’s involvement in the Seattle investment group that has purchased the Kings.

The letter describes how Ballmer, who has helped Silicon Valley and the state of California grow and prosper, would be using profits earned with business in California to relocate one of the state’s assets.

Here’s an excerpt:

 I cannot stand idly by while a prominent out-of-state company that has significantly profited from business with the State of California actively attempts to acquire and remove one of my State and my region’s leading private assets.

Our thoughts: the national media may be reporting that the Kings’ relocation to Seattle is all but a done deal, but the truth is, the fight to keep the Kings in Sacramento is not quite over.

 

Topics: Sacramento Kings, Seattle

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