sacramentokings_isiahthomas.jpg
As the basketball season continues in Sacramento, their city council will vote Tuesday on whether to enter formal negotiations with Mayor Johnson's investor group on plans for a new arena. (AP Photo/File)

New player in Sacramento Kings, Seattle Sonics tug-of-war

New developments in the tug-of-war between Sacramento and Seattle over the Kings means another potential investor group has emerged.

Kings' minority owner John Kehriotis is reportedly ready to announce plans for a $750 million deal to buy the Kings and finance a new arena in Sacramento. Fox 40 in Sacramento reports Kehriotis and his investor group already have $350 million banked and a commitment for the other $400 million.

These investors are different than the group assembled by Sacramento Mayor Kevin Johnson.

The Sacramento City Council will vote Tuesday on whether to enter formal negotiations with Mayor Johnson's investor group on plans for a new arena.

Those investors have not yet been made public, though they are believed to be billionaire Ron Burkle and 24 Hour Fitness founder Mark Mastrov.

Find the latest Seattle NBA updates:
Investor Chris Hansen wants the run of KeyArena if Sonics return
Photos: The latest design concepts for a new Seattle arena


Chris Sullivan, KIRO Radio Reporter
Chris loves the rush of covering breaking news and works hard to try to make sense of it all while telling stories about real people in extraordinary circumstances.
Top Stories

  • Placing Blame
    Jason Rantz says it's the Seattle DOT that's to blame for our awful commutes

  • Spider Season
    Just in time for Halloween, western Washington spider season in full effect

  • More Than Mediocrity
    Shannon Drayer says a wild-card World Series isn't a bad thing
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.