The deal will be even sweeter for the Maloofs as Ranadive will assume the debt the family has with the league, as well as the $64 million debt the team has with the city of Sacramento.
It really is tough to imagine such a dramatic change in public perception than the one the Maloof family has undergone in their time as owners of the Sacramento Kings.
With ever-present clouds hanging over Seattle’s skyline Thursday, the cloudiness over any deal by the Chris Hansen-led investor group to buy the Sacramento Kings is also not clearing a day after reports first surfaced that an agreement was close.
An arena plan was pitched Tuesday to the Virginia Beach City Council, but it didn’t include any specific mention of the Sacramento Kings moving to the East Coast.
The Sacramento City Council officially laid to rest the downtown arena deal on Tuesday night, cutting off any more funding after already spending nearly $700,000 on the failed project.
Today’s announcement that the Maloofs and the city of Sacramento were unable to agree on a deal for a new downtown arena ruled the Friday show. Callers were enraged that suddenly the dream of a […]
George Maloof called Grant Napear to discuss why a deal for a new arena in Sacramento met its demise. George says their was never a “deal” in place, despite the glad-handing that happened in Orlando. […]
Mayor Kevin Johnson emerged from a meeting with the Kings at City Hall on Thursday and said the downtown arena talks were “productive” and the sides agreed to pick up talks “bright and early” again on Friday.
The mayor of Sacramento and the Maloofs have scheduled one last face-to-face meeting to try and save the proposed downtown arena.
Sacramento Mayor Kevin Johnson flew to Las Vegas on Friday to meet with Kings co-owner George Maloof in an apparent attempt to revive downtown arena talks.
Scott Howard-Cooper of NBA.com stopped by while at the arena to frame the current arena situation in Sacramento, saying that the open letters on behalf of the city need to stop. Scott says that the […]
It’s back to the drawing board after a deal to build a new sports arena in Sacramento collapsed last week, and the city on Monday night released a document that details how far apart the sides really are.
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