Burkle and Mastrov, founder of 24 Hour Fitness, would keep the Kings in Sacramento and work with city officials on a plan to finance a new downtown arena, the newspaper said.
Burkle and Mastrov emerged as potential 11th-hour saviors for Sacramento, which stands to lose its NBA team to Seattle unless a counteroffer sways the Maloof family, the current owners of the Kings.
Sources told the Bee Burkle and Mastrov were seen as a deep-pocketed "dream team" by city officials, who have been scrambling in recent months to cobble together a plan to build a sports arena that would keep the Kings in town.
The Bee's source said Burkle and Mastrov consider Sacramento to be a stronger market than Seattle due to the size of the television market and proximity of corporate entities and California elected officials.
Celebrity Families of 2014 [PHOTOS]