Thursday, February 28, 2013
SEATTLE — A Seattle group led by Chris Hansen and Microsoft CEO Steve Ballmer made a nonrefundable payment of $30 million by Feb. 1 as part of their agreement to buy the Sacramento Kings, it was confirmed on Wednesday.
The Sacramento Bee first reported the confirmation in a quote from Joe Maloof, one of the members of the current controlling owners, the Maloof family. A separate source later confirmed the news to The Seattle Times.
The payment had been reported as part of the agreement made between the Seattle group and the Maloofs in January, but whether it had actually been paid had not been confirmed previously.
News of the payment came as efforts in Sacramento aimed at keeping the Kings in town reached an urgent state. Sacramento Mayor Kevin Johnson is expected to announce in the next two days the names of potential alternate buyers of the Kings, whose goal would also be to help develop an arena to keep the team in town.
Johnson hopes his ownership/arena plan would be enough to convince the NBA to turn down the Seattle bid and keep the Kings in Sacramento as the sale of the team from the Maloofs to the Hansen-Ballmer group still needs league approval. The NBA’s Board of Governors is expected to vote on the sale at its annual meeting in New York on April 18-19.
Johnson’s efforts to keep the Kings have been reported to center on a bid from a group led by Ron Burkle, a co-owner of the NHL’s Pittsburgh Penguins, and 24 Hour Fitness founder Mark Mastrov. Johnson has set a deadline of Friday to announce the group and arena plan.