facebook
twitter
rss
account
search
search
 

Reports: NBA Kings headed for Seattle

Jan. 9, 2013 at 3:24 PM   |   Comments

SACRAMENTO, Jan. 9 (UPI) -- Media reports indicated a Seattle group is set to buy the NBA Sacramento Kings but a source close to the team told The Sacramento Bee it was not "a done deal."

Yahoo! Sports said Wednesday the Maloof family, which owns the franchise, is about to sell the Kings to Seattle financier Chris Hansen for $500 million. However, citing a source close to the team, the Bee said a report that the transaction is "officially a done deal" was inaccurate.

The report said Hansen plans to build a new arena in Seattle, with the Kings playing two seasons in Key Arena until the new building is ready.

The Maloof family declined comment on the report, the Bee reported.

The Maloofs have publicly said they were not interested in selling the Kings but they and city leaders have been frustrated in their efforts to put together a workable plan for a new arena in Sacramento.

Topics: Chris Hansen
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
UPI horse racing weekend preview UPI horse racing weekend preview
2
NFL Commissioner Roger Goodell: 'I don't expect anyone to take my word' NFL Commissioner Roger Goodell: 'I don't expect anyone to take my word'
3
Peyton Manning implies legal weed is good for his Papa John's franchises Peyton Manning implies legal weed is good for his Papa John's franchises
4
LeBron James reveals his new Nike shoes LeBron James reveals his new Nike shoes
5
Nets void Ndiaye's contract over failed physical
Trending News
Video
x
Feedback