In an unexpected move, the NBA’s relocation committee has recommended unanimously that the Kings stay in Sacramento, and the bid from the Seattle investment group be denied.
Nothing is official until the Board of Governors votes, but it is a foregone conclusion that they will follow the recommendation by the committee.
A few months ago, all hope seemed lost when the Maloofs agreed to sell the Kings to the Seattle investment group led by Chris Hansen that planned to relocate the team next season. However, mayor Kevin Johnson and the city of Sacramento fought back, finding investors and developing a plan to build a new arena.
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 Maloofs will now be under tremendous pressure to sell the franchise to Ranadive’s group.
Tags: Sacramento Kings