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SBD/April 8, 2011/Franchises
Lakers' Phil Jackson Ramps Up Effort To Oppose Kings' Relocation To Anaheim
Published April 8, 2011
LOAN RANGERS: In Sacramento, Tony Bizjak reports city officials "sent another missive to the Kings on Thursday, accusing the team of being evasive on how it will pay back its $77 million city loan, and calling for a meeting between team owners and city leaders." Sacramento Assistant City Manager John Dangberg said that the city "wants details from the Kings on how and when they will repay the loan if they leave town." The city "wants an escrow account set up for repayment." The Kings issued a brief statement Thursday saying the Maloofs "intend to fully abide by those documents." Earlier this week, an NBA attorney "sent the city a letter noting the team has not requested permission to move yet." The letter stated if the Kings make the request to relocate, "we expect that the team will act appropriately with respect to any remaining financial obligations it may have to the city." Dangberg "declined to say if the city intends to take the Kings to court before the team leaves town" (SACRAMENTO BEE, 4/8).






