Seattle sale done per ESPN

[dknights411]

According to ESPN, the deal is done. The Seattle group would own 65% (for $525 mil) of the team and it looks like the Maloofs will retain ownership on part of the remaining 35%.



link (http://espn.go.com/nba/story/_/id/8864092/kings-owners-reach-agreement-seattle-group-sources-say)

[lefty]

Woooo

[dunkman]

I think the 100% was valued at 525M, and the new owners are going to pay 65% of that for their stake.

[Jacob1983]

This all could have been prevented if the Kings hadn't let Horry hit that 3 pointer in game 4 of the 2002 WCF.

[tlongII]

The I-5 rivalry is back!

[CuckingFunt]

There's still a lot of time to go before the deal is approved by the NBA Board of Governors. Sacramento investors could put together a better offer between now and April.

[Cry Havoc]

Fuck David Stern.

[Monostradamus]

Sonics fans shouldn't feel good about this.

[whitemamba]

This all could have been prevented if the Kings hadn't let Horry hit that 3 pointer in game 4 of the 2002 WCF.
this :lol

[Technique]

Cousins the type of franchise player that makes owners wanna sell their team

[Juggity]

This all could have been prevented if the Kings hadn't let Horry hit that 3 pointer in game 4 of the 2002 WCF.

I mean, the original Sonics won a title, and that didn't prevent Clay Bennett from taking the team out of there.

[TDMVPDPOY]

lame as deal to be honest, maloofs have no business ownin a team with the way they handled the team so far after the queens era

[baseline bum]

Sad day.

:cry Pourin my 40 out for Chris Webber's legacy with no arena to hang his #4 up in. :cry

[Latarian Milton]

relocation ain't gonna happen anytime soon though. they need to build a real NBA caliber gym before all and its gonna take at least one year or two