facebook
twitter
search
search

Reports: NBA Kings headed for Seattle

Jan. 9, 2013 at 3:24 PM

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.

Advertisement

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.

Related UPI Stories
Latest Headlines
Trending Stories
WATCH: Umpire exits after hit in head with bat
Michael Jordan vetoed a Tracy McGrady for Scottie Pippen trade
WATCH: Irish soccer fans dent car roof, immediately fix it
Paulina Gretzky's dress upstages Dustin Johnson's U.S. Open win
Swedish soccer player removed from game for farting
Videos