March 5, 2013 at 1:45 PM
Report: John Kehriotis still plans to make bid to buy Kings
A Sacramento TV station, KCRA, is reporting today that a current minority owner of the NBA Kings, John Kehriotis, still plans to make a bid to buy the team as well as build an arena. Here is that report, which quotes Kehriotis saying that he has been “encouraged” by the NBA to make the bid.
Kehriotis’ offer is separate from the plan announced last week by Sacramento mayor Kevin Johnson, and it is unclear the backing his bid would get from the city.
Johnson has said he will lobby the NBA on behalf of the plan he announced last week, which includes an offer to buy the team from 24 Hour Fitness founder Mark Mastrov and plans for a new downtown arena.
Johnson hopes that package will prove enticing enough to convince the NBA to turn down a purchase of the team by a Seattle group that would relocate the team here beginning with the 2013-14 season.