• NEWS 90.9 KXJZ Sacramento
  • 90.5 KKTO Tahoe/Reno
  • 91.3 KUOP Stockton
  • 88.1 KQNC Quincy
  • MUSIC 88.9 KXPR Sacramento
  • 91.7 KXSR Groveland/Sonora
  • 88.7 KXJS Sutter/Yuba City

Kings "Unusual" Ownership Vote Nears

Share | |
(Sacramento, CA)
Monday, May 13, 2013

Here's how an ownership deal typically works:

"When a prospective owner reaches a deal with a current owner, the deal is presented to the league and it's normally accepted," says University of New Hampshire sports law expert Michael McCann.

That's what the Kings majority owners are trying to do here with a Seattle investor group.  But in this case, the NBA let a rival Sacramento group make a counter offer.  The NBA's Relocation Committee unanimously recommended the Kings stay in Sacramento.  In response, the Seattle group increased its offer dramatically.

"It's very unusual," McCann says." "The NBA said it didn't want a bidding war, but in a way, it got it."

He says the latest sharply-increased offer from the Seattle group could make some owners reconsider.  "A fresh look may not change the outcome," he says.  "But I definitely think that the Hansen offer makes Seattle a more attractive prospect for owners.  But it may not be enough."

The Relocation Committee met again Monday but reportedly left its recommendation unchanged.  McCann says at this point, Sacramento appears to have the edge - but there are far too many unanswered questions to make a prediction.

We Get Support From:
Become a Supporter

We Get Support From:

Become a Supporter