It is yet another plan to keep the Kings and build a new arena in Sacramento. This is an effort separate from the City of Sacramentos attempts to keep the Kings and this new group would not ask for a major financial contribution from the city. Their plan is privately financed.
FOX40 News was told Monday night by a source, wishing to remain anonymous, about a new group led by current Kings minority owner John Kehriotis. Kehriotis currently holds 12.2% of the Kings franchise.
According to the source, the group thinks it needs $750 million to buy the team and build the arena. The source, who is involved in the purchase effort, says the investment group currently has $350 million and a verbal commitment for $400. That would meet the goal.
This plan, the source says, is not site specific. The group could consider the railyards, Downtown Plaza and the current arena site in Natomas.
The next step for Kehriotis and his partners is to formulate a formal partnership agreement and get the promised $400 million in the bank. The motivation behind this effort? Do what is best for the city, the fans and the team, according to my conversation with the group insider Monday night.
I was not able to contact Kehriotis Monday night, but I expect he will be available for comment Tuesday.
Source: Minority Owner has $750 Million Plan to Buy Kings, Build Arena | KTXL FOX40
There will be more news this week for The Mayor is revealing "The Whales". The Investors looking to make the counter bid likely Ron Buerkle, Mark Mastrov and possibly even Larry Ellison.
Bring on the fukkery
FOX40 News was told Monday night by a source, wishing to remain anonymous, about a new group led by current Kings minority owner John Kehriotis. Kehriotis currently holds 12.2% of the Kings franchise.
According to the source, the group thinks it needs $750 million to buy the team and build the arena. The source, who is involved in the purchase effort, says the investment group currently has $350 million and a verbal commitment for $400. That would meet the goal.
This plan, the source says, is not site specific. The group could consider the railyards, Downtown Plaza and the current arena site in Natomas.
The next step for Kehriotis and his partners is to formulate a formal partnership agreement and get the promised $400 million in the bank. The motivation behind this effort? Do what is best for the city, the fans and the team, according to my conversation with the group insider Monday night.
I was not able to contact Kehriotis Monday night, but I expect he will be available for comment Tuesday.
Source: Minority Owner has $750 Million Plan to Buy Kings, Build Arena | KTXL FOX40
There will be more news this week for The Mayor is revealing "The Whales". The Investors looking to make the counter bid likely Ron Buerkle, Mark Mastrov and possibly even Larry Ellison.
Bring on the fukkery
Seattle doesn't even have a new arena deal . That's all talk breh. 
He also said he was going to entertain Sacramento's proposal and go from there. The Maloofs have dilluted this franchise not since Peja left , but since they fired Rick Adleman. They're just trying to make the team as pathetic as possible so it would look good enough for them to move. No one is buying it though.
