Sacramento Kings Sold and Heading to Seattle?
The Maloof family announced that an executed purchase and sale agreement has been reached to sell the family's interest in the National Basketball Association (NBA) Sacramento Kings to a group led by investor Chris Hansen. The transaction requires approval by the NBA's Board of Governors and therefore no comments or details regarding the agreement will be released.
"We have always appreciated and treasured our ownership of the Kings and have had a great admiration for the fans and our team members. We would also like thank Chris Hansen for his professionalism during our negotiation. Chris will be a great steward for the franchise," said Gavin Maloof, Kings co-owner speaking on behalf of the Maloof family.
NBA STATEMENT ON KINGS
"The NBA received an executed Purchase and Sale Agreement for the transfer of a controlling interest in the Sacramento Kings from the Maloof family to an investor group led by Christopher Hansen. The proposed transaction is subject to the approval of the NBA Board of Governors and has been referred to the Board's committee process for review."
Around the Web
Seattle Times Article
Placer County News HeadlinesVideo: Congressman Tom McClintock Blasts IRS Congressman Tom McClintock today delivered the following remarks on the House floor discussing the IRS Scandal:
Alcohol Ban and Price Hikes for Memorial Day WeekendEntrance fees to Sacramento County Regional Parks will increase during the Memorial Day weekend. Regional Parks is implementing temporary
California Microstamp Law Applauded by Brady CampaignAfter years of countless delays, the cutting-edge 'Microstamping' law in California has recently gone into effect. The law requires all new semi-automatic handguns to come equipped
Auburn Plane Crash Victims IdentifiedThe victims in yesterday's plane crash in Auburn have been identified as pilot Bruce Albright Rhymes, 6-8-53, and Kathy Lorraine Rhymes, 2-3-55, husband and wife from Susanville.
Contract Talks with City of Roseville and Police Officers StallRoseville - The Roseville Police Officers' Association (RPOA), representing 103 sworn police officers whose job it is to protect the Roseville community, announced today that contract talks with the City have broken down.
Costco versus Amazon: Finding the Best ValueThe U.S. Census revealed that in 2010, a family of four was estimated to spend $185.50 per week for a nutritious diet, an increase from the previous year. To help families
Sacramento Kings Rally at Cesar Chavez Park May 23The Sacramento Kings announced Long Live the Kings Rally will take place Thursday, May 23 from 5-9 p.m. at Cesar Chavez Park in Downtown Sacramento.
Auburn Plane Crash Kills TwoAt 0030 hours, the Placer County Sheriff’s Office received a call from Cal EMA (California Office of Emergency Services) to assist in a search for a possible downed aircraft near the Auburn Airport