So basically, even though they would only own a small percentage of the team should the move go through, the Magoofs still want to be in control of running the team, hence the snag on the sale.
Wow...This is unbelievable. How could Hansen NOT want the Magoofs to run the team up north?!?! I mean, they have been doing so good down in Sacto!
Here is the link to the full story:
http://seattletimes.com/html/sports/...5_kings11.html
Optimism FTW!!
Unbelievable.
I appreciate a good math pun - as long as it isn't too graphic.
The Maloofs never cease to amaze me. This is beyond laughable, I know Hansen and the Seattle group really want a team, but if I was in their shoes my negotiations would begin and end with the Maloof's having absolutely nothing to do with the team.Originally Posted by gunks
I keep dreaming of a scenario where Stern steps into the middle of all of this and awards Hansen and Seattle an expansion team upon completion of their arena, essentially giving the middle finger to the Maloof family. Without Seattle, the Maloofs have no leverage to create a "bidding war." They would essentially have to bleed out in Sacramento. I know this would likely mean the Maloofs staying as owners but at least it would mean Kings in Sacramento.
which means the team will most likely not sell at all if they dont change that attitude. so the team stays in Sac but has the Magoofs still? ill take it
And to think that we thought that the Kings being sold, moving over 750 miles away to a new city, and morphing into another franchise would be enough to end the Magoof's retarded stranglehold on the organization.
The Maloof family is starting to seem like a really stubborn genital wart. No matter how many times you go to the doctor to get it freeze dried off, it just keeps creeping up again!
Optimism FTW!!
what? seriously...just...WHAT? oh well, welcome Mr. Hansen to the reality of dealing with the Maloof brothers. have fun and have the money for therapy in your budget.
I would sell my soul for a soul worth keeping.
"The source said it goes beyond dollars and cents and stressed how important being involved in the NBA has been to the family."
Its basically the love of being the front and center owners of a pro sport team for the Maloofs. Even if they don't get much money out of owning a small percentage, they still want to appear as "the men" of the team. Its going to come down to that amount of love vs the millions that will fill their pockets if they sell. I hope that love is very strong because I rather they stay in Sac then move to Seattle.
I would take the Maloofs in a reduced ownership role if it meant keeping the team in Sacramento.
the magoof family's arrogance,gall, and audacity is mind boggling. They are all dirtbags with no scruples, business accumen, and a sense of entitlement that is beyond ny grasp. To even think that they could be entrusted to having anything at all to do with the Kings organziation after they have single handedly not only squandered away their families wealth with bad choices and bad investments. The Seattle group would have to be even dumber than the magoofs to let them be involved in any way shape or form. Everything they touch turns to sh*t. hardly the MIdas touch They have held a city hostage, tried to strong arm the city, the NBA and ruined what was once a respecatable reputation. DON'T BE MALOOFED!
The Maloof Touch: the diametric opposite of the Midas Touch. Don't get Maloofed, indeed! Thanks, Elektrik!
This situation is reminding me more and more of a spoiled child who couldn't take care of his toys. He's either broken or lost them, and will grudgingly sell his last one, but only if he can still play with it.
Please, put your Big Boy undies on and do the right thing!
Last edited by arwen undomiel; 01-10-2013 at 03:14 PM.
Sacramento Kings v2.0 - the Ranadive Reign has begun!
I'd be 100% behind the Maloofs again, no matter what they've put us through, if they finally signed a lease with the city and decided to stay in Sacramento for good. In the end, having a team owned by the Maloofs is better than no team at all.
This sounds like a smokescreen to me.
I wrote a note quite some time ago that said in a limited partnership, any of the partners can be designated as the managing partners. The managing partner does not have to own more than 50% of the team. This is what the Maloofs want. How much the managing partner is paid for their effort is negotiated. The other partners have no say in how the team is managed.
Pick Steven Adams at #7.
So the Maloofs want to sale a 300 million dollar team for $500 million and still retain some control over the team they sold? I can't imagine why the Hansen group would have an issue with this small detail. - LOL
How can these clowns not understand that they are embarrassing themselves? They are a joke, everybody in the business is making fun of them. So, basically Hansen should buy the team, pay their debts, pay for relocation, and they want to have decisional power? Well, I guess they deserve it, they are great owners, just look at what they did in Sacramento...
Personally I believe it's a smokescreen (unfortunately for Sacramento). Right now they have no power. They can't refuse Hansen's offer. They need his money, because they are broke and they can't afford another year as majority owners. If Hansen walks away, they'd be dead. It's like if I sell my car, and then I pretend to drive it anytime I want. It just doesn't make sense, I can't believe how dumb they can be.
There are plenty of rich people who are very unwise or have their vices, but with the Maloofs it's as if it is an IQ issue. I've never seen a group of people this wealthy lack all reason.
George Mafool HAHAHAHAHA.
"Now why would I put my feet up on Eddie Murphy couch, I got a little more sense than that. What, you think I'm gonna do something just to do it?.........Yeah I remember putting my feet up on Eddie Murphy couch...." - Rick James
"No, Chris you don't understand our offer. It will TOTALLY be your team. You'll own it and it will be in Seattle and everything. We'll just run it for you to help out so you have time for more important things. Like making money to pay all the debt we owe the NBA and the city of Sacramento and to pay all the awesome players we'll sign. Oh, and for coach Whisenant's salary. No, he's available now - the Liberty let him go. It's perfect timing. Don't you think it would be cool to build a secret owner's clubhouse in the new arena? We can have a secret handshake and everything."
All over America, people keep on asking me for funky kingston.
To validate your point, the Maloofs don't own more than 50% of the Kings now. They own 43%.
Its hard to have a battle of wits with an unarmed person.
Hard work beats talent, when talent doesn't work hard.
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