Local buyer reportedly enters the picture!

[Tetsujin]

Breaking: One potential buyer to keep Kings in Sac enters the ring.

[Tetsujin]

http://www.cbssports.com/nba/blog/ke...-in-sacramento

Doesn't have enough wealth in total but could play a role as part of a group.

[Arco Arena]

^^^

[Reke 13 Havoc]

here we go! save us Mastrov!

[pdxKingsFan]

I'm signing up for 24 Hour Fitness today.

[Tetsujin]

here we go! save us Mastrov!

He wouldn't have enough to buy on his own but could be a part of a group that does. Burkle was looking for a local partner

[Reke 13 Havoc]

maybe a team of Mastrov/Burkle/Ellison can compete

[The_Jamal]

Does anyone know the difference between keeping the team here and a relocation to Seattle would be? I see the $77 million figure thrown around a lot, but have also read other various debts/loans that would affect the price tag for the Seattle group.

[Tetsujin]

Does anyone know the difference between keeping the team here and a relocation to Seattle would be? I see the $77 million figure thrown around a lot, but have also read other various debts/loans that would affect the price tag for the Seattle group.

Relocation fee is chief among these. Can't forget the NBA debt as well. Plus you have to factor in the other associated costs of the move (AKA severing sponsorships, etc.)

[xrzn]

We should get a KF investment pool and help this guy out. I'll chip in $100.

[Tetsujin]

Also lost in all the noise but still (a scratch) somewhat significant...

iffy Lube Sac ‏@jiffylubesac Jan 9
... @KJ_MayorJohnson 2 support new owners/arena JL willing 2 invest 1% of cost to build arena via a corp. sponsorship (details TBD) #kings

[Reke 13 Havoc]

Does anyone know the difference between keeping the team here and a relocation to Seattle would be? I see the $77 million figure thrown around a lot, but have also read other various debts/loans that would affect the price tag for the Seattle group.

i think ive heard that a local buyer could basically offer around 200mil less than seattle and still net the Maloofs the same in pocket amount

[Reke 13 Havoc]

Aaron Bruski ‏@aaronbruski
.@KBergCBS reports that Mastrov has had at least two face to face meetings with the Maloofs.


idk if this is good or bad? he's had 2 meetings, but the Maloofs are off kanoodling with Seattle buyers, so maybe they didnt like the meetings they had with Mastrov?

[Tetsujin]

He's not the only either!

Dale Kasler ‏@dakasler
More "local" bidders surfacing for #NBAKings incl Sleep Train's CEO and 24-hour Fitness founder
Retweeted by Crown Downtown

Dave Carlson continues his rise into Sacramento sainthood

[Reke 13 Havoc]

sleep train CEO is in now too?

24 hour sleep train arena?

[Tetsujin]

After working out at 24 hour fitness, I'll have to climb into my Sleep Train bed. For-freaking-ever.

[rainmaker]

Awesome. Mastrov lives in my neck of the woods. If I knew he might do this I wouldn't have cancelled my 24 hr membership.

But investors wanting a shot was bound to happen. There's more potential owners out there than there are NBA teams. Only question is can KJ put this together quickly enough.

[Arco Arena]

Relocation fee is chief among these. Can't forget the NBA debt as well. Plus you have to factor in the other associated costs of the move (AKA severing sponsorships, etc.)

Well to keep it real, they would be creating new sponsorships in Seattle, and probably more lucrative.

The loan to the city is $64 million with $14 million in interest, so $77 million to the city. It's a loan, they could very well pay off that loan with a loan... so to count that as a $77 million "discount" as others seem to be doing isn't correct.

There's the issue of the $150-219 million the team owes the NBA, but that's likely paid off from what the Maloofs get from the sale.

So the real discount comes down to the $30 minimum relocation fee. That's still a hefty discount for keeping the Kings in Sacramento. We'll see how it plays out. The people with the deepest pockets don't always win.. or Larry Ellison would own the Warriors right now..

[spudfan]

Awesome. Mastrov lives in my neck of the woods. If I knew he might do this I wouldn't have cancelled my 24 hr membership.

But investors wanting a shot was bound to happen. There's more potential owners out there than there are NBA teams. Only question is can KJ put this together quickly enough.

We can only hope the Maloofs are willing to listen. They seem like a spiteful bunch lately.

[VF21]

We can only hope the Maloofs are willing to listen. They seem like a spiteful bunch lately.

They can't deposit spite into their starving bank accounts. At the end of the day, money will talk and the Maloofs will listen. That's my theory and I'm sticking with it.