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The exposed king sale agreement reached

22 January, 2013 at 11:14 am in Personal

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KD V The Maloof family has owned the Kings and a Seattle team led by Chris - Hansen reached an agreement to sell the team, they will have 65% of the team equity sale price of $ 525 million to the team. This message is Union insiders revealed, it is learned that the NBA will be notified today, but the real sale need the NBA Committee for consideration by the job.
Nike KD V The insider also said that the problem of the sale of the remaining 35% of the equity of the team has not yet agreed to the 35% stake is not part of the Maloof family, is held by minority shareholders. Has been determined to sell 65% stake in the Maloof family and a small shareholder. According to sources, the Maloof party will retain ownership of the small part of the team. Familiar with the situation, sources said, the Maloof family will receive the $ 30 million non-refundable models provided by the Hanson party on February 1, the money that is equivalent to the nature of the security.
Nike Zoom KD V NBA hopes Hansen party will timely submission about Kings migration to the application of the City of Seattle, so they can in time for the 2013-14 season, the deadline for submitting applications is March 1. Sacramento Mayor Kevin - Johnson has always been do not want the king to leave the city, he said last week that they have received the approval of NBA commissioner David - Stern, allows Sa from other buyers program submitted to the Union, if sell to these buyers, the king can remain in Sana'a City.

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