AT&T Stadium Getting New Restaurant Coyotes Identify Unnamed Site For New Arena What Brexit Means For EPL, Ryder Cup WADA Suspends Rio Drug Lab Omaha Again Hosts U.S. Swim Trials Devils Offer Facebook Live Coverage Of NHL Draft Gambling Regulators Approve New DFS Platform Tax Return Shows NCAA's Highest Paid Execs Green Sports' Hershkowitz Resigns As President Panel Wants To Reduce Funding For Vegas Stadium
Maloofs, Sacramento Group Still Negotiating Kings Purchase Deal
Published April 16, 2013
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
The NBA’s relocation and finance committees meet jointly tomorrow in N.Y. and may make a formal recommendation on which bid to accept when the league’s owners gather the following day. However, the owners are not expected to vote on the matter this week. The Kings group, led by Warriors Vice Chair Vivek Ranadivé, quickly assembled in the last month to try to keep the team from moving to Seattle, whose group is led by Microsoft CEO Steve Ballmer and hedge fund manager Chris Hansen. Hansen recently upped the valuation he was willing to place on the team to $550M from $525M, the amount the Sacramento group has matched. The Maloofs own 65% of the team.