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Seattle Group Will Need To Pass Multiple Tests To Move Kings

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(Sacramento, CA)
Thursday, February 7, 2013

The application of a Seattle group to buy the Sacramento  Kings must receive at least two affirming votes from the National Basketball Association Board of Governors. 

NBA Commissioner David Stern says the application to transfer ownership requires a three-quarters vote, and the request to move requires a simple majority, "One of the things that our board is mandated to consider is the support for the team in the prior city.  So, there are real issues for the board to consider, about buildings, about the likelihood that they'll be built, about the support in both cities."

Stern says the City of Seattle has not approved plans to build a new arena, though the process is well underway.  

The deadline for Sacramento to file a competing application is March 1st. A Sacramento group would only need to receive approval to buy the team.

To see Commissioner Stern's press conference, click here

Stern called the Seattle group, "very strong" but according to this story that ran from KIRO reporter Chris Sullivan in 2011, the commissioner was less than impressed with the City of Seattle's efforts to keep the Sonics before they left in 2008.

Stern offered similar sentiments in 2008 for this Washington Post article. 

That was long before billionaires Chris Hansen and Steve Ballmer formed the group that has submitted the first offer to buy the team.

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