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    Where will we be a year from now? (70 Votes)

    1. Kings file for relocation. (21 Votes)

    2. Kings sold to new owner. (15 Votes)

    3. Kings decide to renovate PBP. (0 Votes)

    4. Team and City "Kiss and Makeup" on Downtown Arena. (7 Votes)

    5. No resolution - We'll still be getting jerked around. (27 Votes)

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    Maloof Family transfers ownership - official press release 

    by
    VF21
    Published on 05-31-2013 10:58 AM

    MALOOF FAMILY TRANSFERS OWNERSHIP OF SACRAMENTO KINGS TO SACRAMENTO INVESTOR GROUP

    --NBA Franchise Enjoyed Unparalleled Success in Sacramento Under Maloof Family Ownership--

    SACRAMENTO, CALIF., May 31, 2013 – The Maloof family today announced that the agreement to sell the family’s controlling interest in the National Basketball Association’s (NBA) Sacramento Kings and ownership of Sleep Train Arena to the Sacramento investor group led Vivek Ranadive has closed escrow and is now final. The transaction valuation equates to a purchase price of over $534 million, an NBA record.

    “We respect and would like to acknowledge the NBA Board of Governors’ dedication and diligence in working through this process over the past several months. On behalf of my family, I would like to thank Commissioner David Stern and the NBA staff who worked tirelessly on this transaction. I also would like to praise Mayor Kevin Johnson and the Sacramento City Council and staff for their efforts and loyalty to the Sacramento community,” said George Maloof, Kings co-owner speaking on behalf of Maloof family members Colleen, Joe, Gavin, Adrienne, and Phil. “Our family thanks Bobby Hernreich for his support throughout the years; he has been a great partner. We also thank our other partners, Bud Benvenuti, John Kehriotis, and Dave Lucchetti,” added George Maloof.

    “We congratulate Vivek Ranadive and the entire Sacramento investor group for their willingness to come forward and purchase the franchise for the people of Sacramento. We are confident they will provide the stewardship necessary to continue to guide the organization to successful levels,” said George Maloof.
    ...
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    Mike Malone named head coach 

    Published on 05-30-2013 08:05 PM

    Numerous outlets are reporting that Warriors assistant coach Mike Malone has been hired by Vivek Ranadive as the new head coach for the Sacramento Kings.

    Ranadive is wasting no time in putting together a new front office to lead the team. Although it is somewhat unusual to select a head coach before filling the GM position being vacated by Geoff Petrie, it is clear that Ranadive is already putting the pieces in place to fulfill his vision for the Kings.

    Welcome Mr Vivek Ranadive & company 

    by
    Löwenherz
    Published on 05-20-2013 01:06 PM

    An emphatic thank you to the new owner and face of our franchise, Mr. Vivek Ranadive.

    An extended thank you to the rest of the ownership group: The Jacobs Family, Mark Mastrov, Chris Kelly, Mark Friedman, Raj Bhathal, Katrina Garnett, Andy Miller and Arjun Gupta (I'm sorry if I missed anybody) who formed our Killer Whale Pod and the roughly 20 local Sacramento business owners who each chipped in a million dollars to save our Kings.

    A special thanks goes out to Mr. Ron Burkle and by extension his associate Darius Anderson, who despite not being part of our final ownership group were instrumental in fending off the Anaheim threat and will continue to be vital in the redevelopment of downtown and the building of the new arena.

    Thanks to the work of Senator Darrell Steinberg whose contribution cannot be over emphasized.

    Of course a heartfelt thank you to our leaders in this process, Mayor Johnson, his staff, the Sacramento City Council and Commissioner Stern and the Board of Governors.

    Thanks to Carmichael Dave and Mike Tavares - you represent the best of all of us.

    And thank you Sacramento.

    More than just the memories remain the property of the Sacramento Kings

    For Kingsfans 

    by
    Bricklayer
    Published on 05-20-2013 01:03 PM

    The Nightmare is Over 

    by
    Revrag
    Published on 05-16-2013 10:19 PM

    The announcement came after a lot of us had thought it wouldn't happen until tomorrow at the earliest. But the official word is in. Vivek Ranadive and his group have finalized a deal with the Maloof family to purchase the Sacramento Kings.

    It's been a long and arduous journey, Kings fans. But it's a new day and the best is in front of us.

    We owe a debt of gratitude to a lot of people, but we owe the most to Mayor Kevin Johnson. If it were not for his dedication and devotion to keeping the Kings AND finding a way to revitalize downtown at the same time, we'd merely be sitting here watching our TVs with memories of the days when Sacramento had an NBA team.

    We have a team. And we'll have it for a long time.

    WE ARE SACRAMENTO!!

    WE ARE THE KINGS!!

    -VF21

    Kings fate is decided 

    by
    Revrag
    Published on 05-15-2013 04:48 PM

    With a vote of 22-8, the NBA Board of Governors today rejected the request of the Maloofs to relocate the Sacramento Kings to Seattle. With that vote, the sale to Seattle's Hansen/Ballmer group was also negated.

    David Stern, speaking after the vote, said it was always about Sacramento. He said when the pending sale to Seattle was announced, Mayor Kevin Johnson came to the NBA and asked them what Sacramento needed to do. Stern said they laid out all of the huddles a potential Sacramento ownership group would need to jump and that Johnson was able to get it done.

    At this point, the Maloofs are still the owners of the Sacramento Kings. George Maloof has denied rumors that his family would not deal with Ranadive. Stern indicated that he believes an agreement between the Maloofs and Ranadive could come as soon as within the next 24 hours.

    Word from Kevin Johnson is that the Ranadive group will be working with the Maloofs around the clock to get the sale completed.

    At last, Kings fans can exhale.

    -VF21
    ...
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    Report: NBA Combined Finance/Relocation committee votes to recommend against relocation of Sacramento Kings 

    by
    Revrag
    Published on 04-29-2013 01:40 PM

    More details as they become available in the forums...

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