It looks like this saga of the Sacramento Kings sale has taken a little turn. There was a rumor earlier about the Kings being sold for a whopping $525 million to the Hansen-Ballmer Seattle group, according to Marc Steinmetz of Comcast Sports Bay Area. Nothing seems to be finalized just yet but we can assume they’re deep into negotiations.
A new buyer has joined the fray, though. And this seems good news for Sacramento Kings fans as this potential buyer has a promise that comes along with it. Heere’s a report from Ken Berger.
Mark Mastrov, the founder of 24-Hour Fitness who finished second to Joe Lacob and Peter Guber in bidding for the Warriors, told CBSSports.com Friday he has interest in buying the Kings and keeping the franchise in Sacramento.
“Definitely, there’ve been conversations,” Mastrov said from his northern California office. “Definitely there’s interest in acquiring the team and keeping it in Sacramento.”
Mastrov has been through this before. Will he succeed in buying the team, which seems impossibly and hard to read at the moment? While the potential sale to the Hansen-Ballmer group seems very, very hard to turn down, the Maloofs have been known to change their mind when it comes to negotiations so we’re going to keep an eagle eye on this ongoing deal.
Even still, the Maloofs being able to get $500 million out of this sale is a lot more than the previous sales. Robert Pera bought the Memphis Grizzlies from Michael Heisley for just over $375 million. Clay Bennett bought the Seattle SuperSonics (now the Oklahoma City Thunder) for about $350 million. If the Hansen-Ballmer group ends up buying the Kings, it’s likely the team will relocate to Seattle and revive the SuperSonics.
As always, we’ll have more as this story develops. But I’m sure Sacramento Kings fans are rooting for Mastrov to buy the franchise.