“For many, this city’s biggest selling point is its proximity to other, more exciting places, like the cosmopolitan hills of San Francisco or the ski slopes of Lake Tahoe,” according to the Los Angeles Times.
“But for almost three decades, there has been one thing people didn’t need to leave town for: professional basketball. For Sacramentans, the Kings are more than just an NBA franchise. They’re a sign that the city is not second-rate.
“Fair-weather fans here are scarce; devotees have stuck with the Kings through miserable season after miserable season. The team is central to the vision of local politicians, planners and builders to make their downtown a more vibrant urban center with a new arena. The mayor, Kevin Johnson, is a former NBA star and one of the team’s biggest supporters.
“But now, after years of tormenting locals by flirting with out-of-town suitors, the Kings’ financially troubled owners have reached a deal to sell the team to a Seattle investment group. The buyers want to bring the team north and rebrand it as the Supersonics, restoring a franchise that bolted Seattle five years ago.”
The rest of the article is here.
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Still a steaming pile of Maloof.
I can’t believe these as$ clowns can’t hire a web person to change their site, it still reads “‘Our family lives by two Maloof business philosophies: Cater to our customers and take care of our employees,’ states Joe Maloof. ‘We have a long-term commitment to our fans and employees that makes the entire Sacramento community proud to call this organization their own.’”
http://www.nba.com/kings/Joe_and_Gavin_Maloof_Bio.html
The father was a giant. The boys? Eh, not so much. Spoiled little pretenders to the throne, still in diapers and training wheels apparently.
These are the kind of psychopaths that give capitalism a bad name. Back in the early days of Sacramento, bad people met bad circumstances: http://www.jcs-group.com/oldwest/justice.html
I would imagine the steaming pile has a lawyer cocoon, but there ain’t no butterfly coming out of that fetid chrysalis.
The limited partners have a right to match any offer for the general partner’s interest. Meetings are going on as we speak to exercise that right.