And I think its enough to sway Darrell Fong...McCarty, not so much, I'm sure. Oh well, even without Fong 'yes' vote, it's still 7-2...I don't see anyone else changing their votes, should be firm.Originally Posted by Livinthedream
And I think its enough to sway Darrell Fong...McCarty, not so much, I'm sure. Oh well, even without Fong 'yes' vote, it's still 7-2...I don't see anyone else changing their votes, should be firm.
"The current Sacramento Kings owners have proven time and time again that they do not care about the squad’s fans, the community that surrounds the team, and the product on the court. The Sacramento Kings owners are sniveling, conniving front-runners that do not understand the game of basketball, much less the ideals that help buttress attempts at tact, poise and reason." - Kelly Dwyer
I am not against the site change, in fact with my limited knowledge of the area (having never been in Sacramento) it makes more sense because you are making a downtown hub with shops, restaurants etc. My main concern here is the timeframes that we need to have. One thing that Sacramento has always had over Seattle is the arena deal that is on the table approved by the NBA and favourable to the new ownership group who ever that might be.
Change the site and just about everything needs to start from scratch. That puts more pressure than necessary but if that is the only way Burkle/Mastrov are onboard then it is absolutely worth a shot. I just hope the NBA is as onboard as they were with the railyards deal.
Jim Capers once called a foul on me while I was sitting on the bench. Tweet! "Foul, number fifty-three! Five-three!" Everybody was confused and looking around for number 53, so I stood up and said, "I'm over here and the only thing I'm fouling is the water bottle." - Darryl Dawkins
Sacramento has had a bad habit of doing things the wrong way because it's faster, cheaper or politically easier. Suburban sprawl and poor freeways systems are examples. A couple of other examples are our stadiums. Part of the problem with Arco is that it was built cheap and now is not ideal for refurbishing or expanding. Same thing with Raley field. It was cheaper to get it done without making it expandable to major league size. Regardless of the reasons the two venues were built the way they were, one could argued that both of these short cuts threatens our chances of having two pro teams. I commend the city for having the foresight and guts to work harder and do it right. I'm sure Burkle has something to do with things being done right as well, as he's not going to make a bad investment.
Bingo. If KJ pulls this off it's going to be because Burkle steered him right but props to KJ for making the business connection. It's not what you know it's who you know in this life.
MI RAZA CHINGON!!!
Look I got no doubt that these guys are working their backsides off to get this done and get it right but unfortunately the clock is ticking and there is really no way of stopping it. Hopefully, we don't run out of time because if we do, there won't be a ESC full stop regardless of whether they want it at downtown plaza or the railyards.
I know the guys are doing the right thing and looking at doing the best thing by all parties. I am just hopeful that the NBA is patient with it because the offer on the table from Seattle is pretty hard to turn down. One thing we absolutely had going for us was a more advanced arena deal and with the change of venue, we might have just lost that edge. I really hope we have not shot ourselves in the foot with this move because time is of essence for us.
Jim Capers once called a foul on me while I was sitting on the bench. Tweet! "Foul, number fifty-three! Five-three!" Everybody was confused and looking around for number 53, so I stood up and said, "I'm over here and the only thing I'm fouling is the water bottle." - Darryl Dawkins
Shot ourselves in the foot? What move? I don't really know what you are talking about. A jackass family is trying to screw a franchise and have been and are being prevented at every turn.
Mike Tyson was the best defensive boxer I ever saw. He also happened to be the greatest knockout artist of his time, if not all time. KJ and crew have been playing Tyson-esque defense and the first serious punch is about to land in literally days.
The NBA will do the right thing. It will be a joy to watch unfold.
Big picture.
I am not sure what the urgency is about where the arena is built. I think what we need right away is a partnership group that is OK with the BOG. Seattle doesn't have any plans for an arena either and that seemed adequate for the NBA right now. Am I missing something?
Upwards and onwards.
It's important because it's all in the level of details of the offer. You can't work up who gets what revenue without going into the specifics of where the arena is to be built. It changes the landscape of the deal entirely. Many assumed the easiest thing would be to walk in and accept the deal from last year. But consider this, if you are partnering to do a deal that will run upwards of a billion dollars, don't you want to do your own due diligence and structure the deal so it works for you? I know the NBA blessed last year's deal, but they also played a big role in contributing cash and loaning the Maloofs money. They probably won't be too upset to find that role reduced.
Anyone watching FOX40? Apparently the 12% holder of the Kings wants to buy the Kings completely...will have more tomorrow they said. He's worth 3.2B
FOX40 News @FOX40
Source: Minority owner John Kehriotis wants to buy the #Kings without any city money invovled.
FOX40 News @FOX40
Source tells @JimCrandell that Kehriotis has $350 million, with a verbal commitment of $400 million. #Kings
Shocker. A complete shocker. This is where the minority owner's rights come into play.
We've been surveying the starboard side of the boat for a pair of whales only to have a blue whale breach on the portside.
I have a hard time believing Jim Crandell because of other "scoops" he has had before that turned out to be incorrect. If this is true I'd like to be jumping up and down and yelling yahoo but doesn't it just confuse everything? Where has this guy been the last month or so?
Upwards and onwards.
Yup, right of first refusal may now be in play. The drama continues.
"Line up a long shot maybe try it two times, maybe more
Good to know you got shoes to wear when you find the floor
Why hold out for more?
Here comes sunshine, here comes sunshine"
-The Grateful Dead
Kehriotis doesn't have that much money but what he could do if ROFR is indeed real is buy the team with the money he does have and then promptly sell it back to Burkle and Mastrov
Carmichael Dave @CarmichaelDave
Obviously there is motivation from many parties to bid on the Kings. This is all good. This is expected.
Carmichael Dave @CarmichaelDave
I also hope that all parties realize unification is the best plan, anything jeopardizing this team staying will be met with swift rebuke.
Carmichael Dave @CarmichaelDave
Yes. IF ROFR is valid, IF 350 is solid, IF 400 verbal is solid, we have a game. Remember though- NBA still has to APPROVE any deal. Key.
Carmichael Dave @CarmichaelDave
Whatever may come, and I'm not ripping the Kehriotis report or him AT ALL, I can tell you that as of this minute this has nothing to do w/KJ
Last edited by D-Mass; 02-25-2013 at 10:37 PM.
Here is the video
http://fox40.com/2013/02/25/source-m...s-build-arena/
A rant a day keeps the psychiatrist away.
Never mistaken for an (ArtEEST)
Go with your gut on this. This plan is not backed by the mayor. As far as I know, their arena plan is to renovate Sleep Train and maybe build a new one in Natomas down the road.
Actually, I knew that. They are actually called Orcas and it was discovered recently that they actually prey on great white sharks. Now that's the kind of warriors we need.Biology nerd alert.
A killer whale is actually the largest member of the dolphin family. It's not a whale. That said, I think we have a predatory creature lurking that is about to do nature's version of "reduce, re-use, and recycle".
PROUD OF SACRAMENTO. PROUD TO BE A KINGS FAN.
Hard to judge if the Kehriotis plan is actually a good thing or not.
1) No specific site picked is not good news, that puts such a plan immediately farther behind than the Seattle arena deal.
2) It takes all control away from the city. In other words, with all private money in the deal, they aren't tied to keeping the Kings here at all.
3) Without knowing who the other investors are, I'm wondering is they have long term deep pockets like Burkle and Mastrov. I don't want another relatively poor ownership group.
4) Burkle has his fingers in multiple industries such as his connections with ICON, AEG. As part owner of the Penguins, he certainly has some understanding about what it means to run a pro-sports team.
5) The city really needs to present one solid unified proposal at this point. We are in overtime with little time on the clock. We can't afford tpo miss the last shot.
6) This will only strengthen McCarty and Fong, who will want to "explore" this deal requiring no public subsidy. They'll think this sounds great. It will give fodder to those who say it should all be privately funded. Even if its a deal that can't really work, people will lambast the council for voting for a public subsidy and could create a political nightmare that delays things enough to to screw Sacramento.
7) We've had Burkle offer twice. If Kehriotis screws this up, I don't think Burkle will ride to our rescue again.
This late in time, I just can't see this as a positive in any way.
Although there are many benefits to the Downtown Plaza site, a major problem is the plan goes from a city-owned arena to a privately-owned arena. That would make a large city-subsidy less palatable to many. It just changes the whole economics of the deal. If that's what Burkle wants, then they have a lot to work out in a short time frame. Altho "official" negotiations can't start until Wednesday, I'm pretty sure both sides have some idea of the terms they want to pin down at this point.
Last edited by kennadog; 02-26-2013 at 12:38 AM.
PROUD OF SACRAMENTO. PROUD TO BE A KINGS FAN.
This looks like an attempt to undermine KJ's effort. Nothing concrete except "no public money".
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