Truth & Rumors > NBA
Mall purchase could help keep Kings in Sacramento
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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.
James Johnson, Rocky Widner/NBAE via Getty Images
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Woolworths will be anchoring the other side
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