403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx
Follow us:
403 Forbidden

403 Forbidden


nginx

NBA in Seattle

The latest news about the NBA's possible return to Seattle.

May 28, 2013 at 12:16 PM

NBA Board of Governors approves Sacramento Kings sale

The NBA Board of Governors unanimously approved the sale of the Sacramento Kings to an ownership group led by software mogul Vivek Ranadive.

The transaction is expected to close shortly, the league announced today.

Gaining approval from the 30 NBA owners was a formality after the board voted 22-8 against Chris Hansen’s bid to move the team to Seattle. Blocking the relocation attempt ended Hansen’s pursuit to purchase 65 percent of the franchise from the Maloof family and business partner Robert Hernreich.

Hansen also was going to purchase seven percent of the Kings that belonged to Bob Cook, who had been a part-owner of the Kings since 1985 before he filed for bankruptcy in 2011. Hansen needed league approval to complete the sale.

Neither the NBA, Hansen or Ranadive has commented on Hansen retaining a minority stake in the team. However, it’s believed the NBA did not approve the sale to Hansen.

 

Comments | More in Chris Hansen, Maloof family | Topics: Vivek Ranadive

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


403 Forbidden

403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx