Truth & Rumors > NBA

Mall purchase could help keep Kings in Sacramento

Views
4341
Comments
2

11:50 AM ET 01.13 | Sacramento's drive to keep the Kings took a dramatic turn Saturday when a new group, aligned with the owner of Downtown Plaza, proposed to buy the team and build a $400 million arena on the shopping center site. A source close to the situation said the group was lining up deep-pocket investors to work with the mall's new owner, JMA Ventures, and present a credible alternative to the Maloof family's efforts to sell the Kings to a group planning to move the team to Seattle. "We want to make a run at the Kings if we can afford the price," said the source, who insisted on anonymity because the plan remains in its early stages. Still, two key names have emerged as possible Sacramento bidders for the Kings. Billionaire grocery tycoon Ron Burkle, who tried to buy the team in 2011, was identified as a possible suitor last week by Mayor Kevin Johnson and NBA Commissioner David Stern. And on Friday, wealthy Bay Area investor Mark Mastrov -- a runner-up in the bidding for the Golden State Warriors in 2010 -- declared he's assembled a group eyeing a bid.

Sacramento Bee

James Johnson, Rocky Widner/NBAE via Getty Images James Johnson, Rocky Widner/NBAE via Getty Images
Comment #1 has been removed
 
January 13, 2013  12:32 PM ET
QUOTE(#1):

So it all hinges on a shopping center? I wonder if Nordstom's is part of the mall?

Woolworths will be anchoring the other side

Comment

Remember to keep your posts clean. Profanity will get filtered, and offensive comments will be removed.


Truth & Rumors

MOST POPULAR

  1. 1
    'Melo wants to be wooed (like, Howard wooed)
    Views
    1626
    Comments
    1347
  2. 2
    Farrell defends Fenway's 'sleep room'
    Views
    1573
    Comments
    480
  3. 3
    Youthful Red Wings are rattled
    Views
    1609
    Comments
    288
  4. 4
    Bishop's severe injury
    Views
    2118
    Comments
    65
  5. 5
    Texans may take Clowney ... for someone else
    Views
    20360
    Comments
    63

SI.com

SI Photos