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Kings sold to new owner. (15 Votes)
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Recent Articles
We have an art studio for this. Given recent events, I say screw it. Congrats are in order:
The announcement came after a lot of us had thought it wouldn't happen until tomorrow at the earliest. But the official word is in. Vivek Ranadive and his group have finalized a deal with the Maloof family to purchase the Sacramento Kings.
It's been a long and arduous journey, Kings fans. But it's a new day and the best is in front of us.
We owe a debt of gratitude to a lot of people, but we owe the most to Mayor Kevin Johnson. If it were not for his dedication and devotion to keeping the Kings AND finding a way to revitalize downtown at the same time, we'd merely be sitting here watching our TVs with memories of the days when Sacramento had an NBA team.
We have a team. And we'll have it for a long time.
WE ARE SACRAMENTO!!
WE ARE THE KINGS!!
-VF21
With a vote of 22-8, the NBA Board of Governors today rejected the request of the Maloofs to relocate the Sacramento Kings to Seattle. With that vote, the sale to Seattle's Hansen/Ballmer group was also negated.
David Stern, speaking after the vote, said it was always about Sacramento. He said when the pending sale to Seattle was announced, Mayor Kevin Johnson came to the NBA and asked them what Sacramento needed to do. Stern said they laid out all of the huddles a potential Sacramento ownership group would need to jump and that Johnson was able to get it done.
At this point, the Maloofs are still the owners of the Sacramento Kings. George Maloof has denied rumors that his family would not deal with Ranadive. Stern indicated that he believes an agreement between the Maloofs and Ranadive could come as soon as within the next 24 hours.
Word from Kevin Johnson is that the Ranadive group will be working with the Maloofs around the clock to get the sale completed.
At last, Kings fans can exhale.
-VF21
Recent Forum PostsHas it happened yet? I thought it was suppose to come on at 8:30.
lwc Today, 06:38 PM
Hello everyone!
So let me first start by saying i have been a Kings fan since 99 and have been a member of this board since 2001. I love basketball, and i love the Kings even more :)
And now a...
Yes, ma'm. I always tear up on all these videos even if I have seen them before.
Glenn Today, 06:21 PM
Recent TopicsNow that the new ownership is here, how long do we have to wait until we start seeing personnel moves?
I am particularly looking forward
SEATTLE (AP) -- Investor Chris Hansen has congratulated Sacramento mayor Kevin Johnson on his efforts to keep the Kings in California, while also vowing
Last Post By: Revrag Today, 04:40 PM
Chris Hansen, who led the failed bid to purchase the Sacramento Kings and bring them to Seattle, on Monday congratulated Sacramento for being able to
Last Post By: Revrag Today, 04:40 PM
SEATTLE (AP) -- Investor Chris Hansen has congratulated Sacramento mayor Kevin Johnson on his efforts to keep the Kings in California, while also vowing
Last Post By: Revrag Today, 04:20 PM
COMMENTARY | Against what once seemed like impossible odds, the city of Sacramento has somehow managed to retain its beloved Kings.
More...
Yes. But in actual bad news it looks like Petrie will be staying through the actual draft and has been interviewing players... So we get one more Petire
Last Post By: Gilles Today, 03:58 PM
Recent Article Comments Widget
Welcome Mr Vivek Ranadive & company
An emphatic thank you to the new owner and face of our franchise, Mr. Vivek Ranadive.
An extended thank you to the rest of the ownership group: The Jacobs Family, Mark Mastrov, Chris Kelly, Mark Friedman, Raj Bhathal, Katrina Garnett, Andy Miller and Arjun Gupta (I'm sorry if I missed anybody) who formed our Killer Whale Pod and the roughly 20 local Sacramento business owners who each chipped in a million dollars to save our Kings.
A special thanks goes out to Mr. Ron Burkle and by extension his associate Darius Anderson, who despite not being part of our final ownership group were instrumental in fending off the Anaheim threat and will continue to be vital in the redevelopment of downtown and the building of the new arena.
Thanks to the work of Senator Darrell Steinberg whose contribution cannot be over emphasized.
Of course a heartfelt thank you to our leaders in this process, Mayor Johnson, his staff, the Sacramento City Council and Commissioner Stern and the Board of Governors.
Thanks to Carmichael Dave and Mike Tavares - you represent the best of all of us.
And thank you Sacramento.
More than just the memories remain the property of the Sacramento Kings