Report: Sacramento Will Match Offer on Table from Seattle to Buy Kings

Mar 24, 2013; Sacramento, CA, USA; Sacramento Kings fans hold signs before the game against the Philadelphia 76ers at Sleep Train Arena. Mandatory Credit: Kelley L Cox-USA TODAY Sports

The tide is slowly turning in the case of the Sacramento Kings.

A few months ago, all hope seemed lost when the Maloofs agreed to sell the Kings to a Seattle investment group led by Chris Hansen that planned to relocate the team next season. However, mayor Kevin Johnson and the city of Sacramento has fought back, finding investors and developing a plan to build a new arena.

As a result, according to the Sacramento Bee, Sacramento has notified the NBA that it will match the offer put forth by the Seattle group to buy the Kings.

Sacramento’s bid is led by Vivek Ranadive, who is also a minority owner of the Golden State Warriors. Chris Kelly, Mark Mastrov, and the Jacobs family of Qualcomm are also involved.

The NBA Board of Governors could vote on April 19 on whether or not to approve the pending sale to Seattle.

 

Topics: Sacramento Kings

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