New report: Sacramento Kings to Seattle a done deal

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by KING 5 News

KING5.com

Posted on January 11, 2013 at 12:09 PM

Updated Wednesday, Feb 6 at 10:54 AM

Another day, another unconfirmed report that the Sacramento Kings are headed to Seattle.

There have been several reports since Wednesday that a Seattle group headed by investor Chris Hansen and Microsoft chairman Steve Ballmer are close to a deal with the Kings owners, the Maloof family.

The latest report comes from Matt Steinmetz, formerly of Comcast Sports Net. He tweeted that, according to a “reliable source,” the team is being sold for $525 million.

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Steinmetz said the Maloofs would have no stake or decision-making with the Seattle team. That was earlier reported to be a sticking point in the negotiations.

There is no independent confirmation of the report. KING 5’s Chris Daniels, who has been following the Seattle Arena story from the start, said representatives for the Maloofs, for Hansen and for the NBA would not comment. A limited partner with the Kings said he has heard nothing about a completed sale.
 

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