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Seattle ownership group raises offer to buy Kings

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02:20 PM ET 04.13 | The Seattle ownership group vying to purchase the Sacramento Kings announced that it has raised its offer to buy the team from the Maloof family. Leader Chris Hansen announced on Saturday that his group would buy the team for $550 million, a $25 million increase from the original agreement. "While we already have a binding purchase agreement to purchase the controlling interest in the team," Hansen wrote, "the Seattle Ownership Group has elected to voluntarily raise its purchase price as a sign of our commitment to bring basketball back to our City and our high degree of confidence in our Arena plan, our financing plan, the economic strength of the Seattle market, individual and corporate support for the team and, most importantly, the future of the NBA."

SB Nation

, USA Today Sports USA Today Sports
Comment #1 has been removed
Comment #2 has been removed
April 13, 2013  08:53 PM ET
QUOTE(#2):

+1not that I care

LOL, you and Em Em Aye have to care just a little bit, or you both wouldn't have a comment for this article!!! :-)

April 14, 2013  12:54 AM ET

Good for Seattle. They got hosed on the Sonics.

 
April 14, 2013  09:19 AM ET

Don't Throw Good Money After Bad, Bros.

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