Sports

NBA: Maloofs and Sacramento group reach deal on Kings

sacramento kings1SACRAMENTO, Calif. – The Maloof family, owners of the NBA’s Sacramento Kings, has reached a deal with a Sacramento investors group to sell the team for a NBA record valuation of $535 million,  The Sacramento Bee reported Thursday night .

The agreement is expected to be announced sometime Friday, The Bee said.

If the NBA approves the deal, escrow is expected to close at the end of May.

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2 Comments to “NBA: Maloofs and Sacramento group reach deal on Kings”

    sweetness said:
    May 16, 2013 at 9:59 PM

    noooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo dang it.

    JR Gutierrez said:
    May 16, 2013 at 10:10 PM

    Thank goodness this is over. For the most part, Seattle has been classy. Us classy folk in Sacramento wish that you get a team soon. Sorry it went down like this. Mayor KJ fought for us and we appreciate him for that. Good luck Seattle….you guys do deserve a team.

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