
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.
|
|
|
|
|
|
| Additional Sports News Stories | |
LONDON, May 23 (UPI) --
U.S. rocker Jon Bon Jovi is advising 19-year-old pop star Justin Bieber to respect his fans if he wants to have a long and successful career.
|
|
WASHINGTON, May 22 (UPI) --
U.S. researchers say they've discovered what may be the world's largest methane seep on the ocean floor, where life thrives under extreme conditions.
|
KATHMANDU, Nepal, May 23 (UPI) --
Yuichiro Miura, 80, scaled Mount Everest Thursday, becoming the oldest person to reach the summit of the world's tallest peak, his office said.
|
| Stories | Photos | Comments |
View Caption