Reports indicate Sacramento Kings deal to Seattle announcement imminent
Jan 20, 2013, 9:00 PM | Updated: 9:12 pm
We may learn the fate of the Kings as early as Monday morning. (AP Photo/File)
(AP Photo/File)
Multiple reports indicate that a deal between Chris Hansen’s investment group and the Maloofs will be announced as early as Monday.
ESPN reports the Maloof family reached a purchase agreement to sell a 65 percent controlling interest in the franchise to a Seattle group led for $525 million, according to league sources.
NBA teams were notified of the deal on Sunday, which still requires league approval, according to ESPN.
