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Seattle Investors Say The Game Isn't Over



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(Sacramento, CA)
Tuesday, April 30, 2013

The Sonics arena website was silent until late Monday night when Hansen posted a quote from Muhammad Ali that said, "Impossible is just a big word thrown around by small men who find it easier to live in the world they've been given than to explore the power they have to change it. Impossible is not a fact. It's an opinion. Impossible is not a declaration. It's a dare. Impossible is potential. Impossible is temporary. Impossible is nothing."

Hansen promised the unanimous vote against his Kings relocation plan would not deter him, "While we are disappointed with the relocation committee's recommendation, we just wanted to let you all know that we remain fully committed to seeing this transaction through."

Sacramento has 7 of the 15 no votes it will need on May 15 to keep the team from relocating.    It would seem unlikely the other owners would go against a unanimous recommendation from the committee.  Hansen has said he won't buy the team if he can't move it.

In his post, he reminded fans of the strengths of Seattle's bid, "As you are all well aware, we have a binding transaction to purchase the Kings for what would be a record price for an NBA franchise, have one of the best ownership groups ever assembled to purchase a professional sports team in the US, have clearly demonstrated that we have a much more solid Arena plan, have offered a much higher price than the yet to be finalized Sacramento Group, and have placed all of the funds to close the transaction into escrow."

The Maloofs have said they have not received an offer directly from a Sacramento group to buy the team.  They could turn down the offer that is before the NBA and go to another city that's looking for a team.  They do not have to sell to the Sacramento group.

Investor groups from Seattle and Sacramento will be given a platform to make their final cases before the NBA.   As such, we plan to unequivocally state our case for both relocation and our plan to move forward with the transaction to the league and owners at the upcoming Board of Governors meeting in mid-May."

Hansen intimated he still might have cards up his sleeve, "We have numerous options at our disposal and have absolutely no plans to give up. Impossible is nothing but a state of mind."

If the Seattle plan fails before the full board, it would seem likely the other owners will put whatever pressure they can on the Maloof brothers to sell.  The owners have spent a good portion of the last three Board of Governor's meetings talking about the Kings.  There are 29 other franchises in the NBA.

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