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Seattle group raises Kings' purchase price
Posted on 4/13/13 at 10:55 am
Posted on 4/13/13 at 10:55 am
they done in sac town
LINK
LINK
quote:
The Seattle group led by Hansen and Microsoft chairman Steve Ballmer announced Friday night they had reached agreement with the Maloof family to raise the purchase price of the Kings by $25 million to an NBA-record $550 million.
3
Posted on 4/13/13 at 10:57 am to NorthshoreTiger76
Somebody would actually pay 550 mill for the fricking Kings. 
Posted on 4/13/13 at 10:57 am to NorthshoreTiger76
I approve of this as I want to move to Seattle
Posted on 4/13/13 at 10:57 am to BobBarker
quote:
Somebody would actually pay 550 mill for the fricking Kings.
They're paying for the Supersonics.
Posted on 4/13/13 at 10:58 am to BobBarker
Thats a lot of change
Posted on 4/13/13 at 11:01 am to BobBarker
Big market in Seattle with no team. Makes sense for them.
Posted on 4/13/13 at 11:35 am to BobBarker
quote:
Somebody would actually pay 550 mill for the fricking Kings.
They are paying for the rights to an NBA team
Posted on 4/13/13 at 11:38 am to LSUJuicer
So why did they lose the supersonics in the first place then with such a big market?
Posted on 4/13/13 at 11:39 am to lsu480
quote:
They are paying for the rights to an NBA team
The team they are paying for is the Kings. I know they would be rebranded into the SuperSonics but it'd still be the Kings, just with a glossy new green and yellow paint job.
Posted on 4/13/13 at 11:40 am to Mizzoufan26
lease and arena is the reason why the supersonics left for OKC
Posted on 4/13/13 at 11:42 am to Mizzoufan26
quote:Because the knew owner said he would keep the team in Seattle, and then said haha tricked you.
So why did they lose the supersonics in the first place then with such a big market?
Posted on 4/13/13 at 11:44 am to NorthshoreTiger76
Also the OKC owners flat out lied about their intentions for the team when they bought the Sonics
Posted on 4/13/13 at 11:44 am to Mizzoufan26
Because Clay Bennett is a grade A count.
Posted on 4/13/13 at 12:51 pm to NorthshoreTiger76
quote:
they done in sac town
meh.
a couple of things:
stern appears to be on sactown's side and has said money doesn't have to be equal. relocation needs 22 yes votes.
and
extra $25million is nothing at this point. sacramento has the money to match if necessary.
this seems more like Hansen reiterating his desire for the next franchise available- either relocation or expansion.
Posted on 4/13/13 at 12:55 pm to corndeaux
quote:
meh.
whatever happens the losing party will file a lawsuit against the league and you can book that
Posted on 4/13/13 at 1:01 pm to NorthshoreTiger76
Stern can just solve the problem by giving Seattle new team. Idiot. He'll go global soon, maybe not in his career since he is about to retire, but that is there intention. So. what's the harm in letting SAC keep there team and giving Seattle a new one? He said he would do that awhile back anyways.
Posted on 4/13/13 at 1:15 pm to tubucoco
i do find it odd that he went to great lengths to find someone to keep the hornets in nola but he will let the kings go to seattle when there is a local group wanting to keep them in sacramento
Posted on 4/13/13 at 1:19 pm to ellunchboxo
quote:
Somebody would actually pay 550 mill for the fricking Kings. They're paying for the Supersonics.
Six years ago the Sonics were sold for $200 million less than what is being offered for the Kings.
Posted on 4/13/13 at 2:01 pm to tubucoco
quote:this can't be serious. Just give any city who wants a team a new one, huh? They need to eliminate teams, not water down the talent even more...
Stern can just solve the problem by giving Seattle new team. Idiot. He'll go global soon, maybe not in his career since he is about to retire, but that is there intention. So. what's the harm in letting SAC keep there team and giving Seattle a new one? He said he would do that awhile back anyways.
This post was edited on 4/13/13 at 2:02 pm
Posted on 4/13/13 at 2:18 pm to Vicks Kennel Club
Bennett was a douche but anybody who believed he was actually gonna keep them in Seattle is foolish.
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