There are conflicting reports Wednesday on whether the Maloof family is finalizing an agreement to sell the Sacramento Kings to a Seattle-based group led by Chris Hansen and Steve Ballmer. Yahoo! Sports' Adrian Wojnarowski reported via Twitter that theThere are conflicting reports Wednesday on whether the Maloof family is finalizing an agreement to sell the Sacramento Kings to a Seattle-based group led by Chris Hansen and Steve Ballmer. Yahoo! Sports' Adrian Wojnarowski reported via Twitter that theThe Maloof family is nearing a deal to sell the Sacramento Kings to a group of Seattle-area investors for “approximately $500 million,” Yahoo! Sports reported Wednesday. The group, led by Valiant Capital's Chris Hansen andMicrosoft CEO and billionaire Steve Ballmer and San Francisco hedge fund manager Chris Hanson are leading a group that will pay around $500 million to buy the NBA's Sacramento Kings from the Maloof family and move the team to Seattle, according toHis counterpart in Sacramento thought the news anything but cool. At an afternoon news conference, Sacramento Mayor Kevin Johnson said Wednesday was significant because for the first time Kings fans know the team is for sale. Johnson said he would do
Related External LinksSacramento Kings sale to Seattle: A complete timeline of events ...Steve Ballmer's Buying the Sacramento Kings and Bringing - GizmodoSteve Ballmer-led group to buy Sacramento Kings, bring basketball
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