John Kehriotis, one of five limited partners of the team, said, "As an owner, one would think I'd know something about it, and I don't, at this point anyway."
He said he has had no contact with the Maloofs or with any of the other three limited partners.
"First of all, I don't know if there is an offer. I don't know what the offer says. I don't know if the offer gives me any options. When the Maloofs contact us, I'll have a better idea of how to answer any of your questions," he said.
Kehriotis added that one thing he does know is he would like the team to remain in Sacramento.
Late this afternoon another report surfaced from CBSSports.com saying the founder of 24 Hour Fitness has put a bid in to buy the team and keep it in Sacramento.CBSSports.com story
Potential Kings buyer emerges, would keep team in Sacramento
News10.net video from Friday night:Sacramento Mayor Kevin Johnson jokes with LaBron James during the St. Hope fundraiser about buying the Kings.