The Sacramento Kings are about to be called for a traveling violation. Adrian Wojnarowski of Yahoo Sports has Tweeted confirmation that the Maloof family is on the verge of selling the team to a Seattle-based group of investors for $500 million. That contingent – led by Valiant Capital’s Chris Hansen and Microsoft CEO Steve Ballmer – will then move the Kings to Seattle, hopefully in time for the 2013-2014 season. Seattle was home to the SuperSonics for 40 years until that team left for Oklahoma City in 2008. According to Yahoo Sports, the new owners will build a new arena for the Kings, and, until then, home games will be played in KeyArena. The Maloofs have struggled for years with their finances. They sold a majority of their Palms Casino in Las Vegas a couple years ago and have flirted before with moving the Kings elsewhere. Our apologies go out to residents of Sacramento for losing their squad. But look at the bright side: at least DeMarcus Cousins is someone else’s problem now.
Here is the original post:
Sacramento Kings to Be Sold, Moved to Seattle
