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-   -   Metro Seattle: NHL, NBA and Arena - Part VI (http://hfboards.hockeysfuture.com/showthread.php?t=1329387)

JawandaPuck 01-21-2013 04:12 PM

Metro Seattle: NHL, NBA and Arena - Part VI
 
http://www.sonicsarena.com/uploads/A...on-Hill-43.jpg

http://espn.go.com/nba/story/_/id/88...am-sources-say
Maloofs agree on deal to sell Kings
Updated: January 21, 2013, 10:52 AM ET
By Marc Stein | ESPN.com

The Maloof family that owns the Sacramento Kings has reached an agreement to sell the controlling interest in the franchise to a Seattle group intent on moving it in time for next season.

Sources told ESPN.com that NBA teams were formally notified Sunday night that the Kings have been valued at $525 million and that the Maloofs and a group led by hedge-fund manager Chris Hansen have executed a purchase and sale agreement, which the NBA confirmed through a statement Monday morning.

The Seattle group intends to file for relocation by the league's March 1 deadline.

Although the sale still requires formal league approval, ownership transfers typically go through when they reach this phase.

The agreement to transfer the 65 percent majority stake in the Kings to the Seattle group headed by Hansen and Microsoft CEO Steve Ballmer represents the 53 percent owned by the Maloofs and an additional 12 percent from minority owner Bob Hernreich.

The NBA announced Monday: "The proposed transaction is subject to the approval of the NBA Board of Governors and has been referred to the Board's committee process for review."

Sources said that there has not yet been an agreement submitted on the remaining 35 percent of the franchise, which is held by minority shareholders, not the Maloofs.

"We have always appreciated and treasured our ownership of the Kings and have had a great admiration for the fans and our team members," Kings co-owner Gavin Maloof said in a statement on behalf of the family. "We would also like to thank Chris Hansen for his professionalism during our negotiation. Chris will be a great steward for the franchise."

One source close to the process told ESPN.com's J.A. Adande that the Maloof family, as it was hoping, will retain a "small piece" of minority interest in the franchise after its expected relocation to Seattle and renaming as the SuperSonics for next season. It's believed, though, that the Maloofs will hold no decision-making power once control of the franchise is transferred.

The deal, according to sources familiar with the specifics, calls for the Maloofs to receive a non-refundable $30 million deposit from the Seattle group by Feb. 1. The NBA, furthermore, is fully expecting Hansen to apply for relocation to Seattle for the 2013-14 season by the league's March 1 deadline, enabling the league's board of governors to vote on the application at their annual April meeting.
http://seattletimes.com/ABPub/2012/06/13/2018421293.jpg
Clockwise from top left: Chris Hansen, Steve Ballmer, Erik Nordstrom and Peter Nordstrom.


http://cdn.bleacherreport.net/images...jpg?1353348601
Gary Bettman, NHL Commissioner, on the NHL and Seattle in light of the NBA possibly moving back their soon:
"It's not something we're focussed on and considering right now."
http://youtu.be/hy48TM9neHI?t=14m29s


Part V: http://hfboards.hockeysfuture.com/sh....php?t=1216005
Part IV: http://hfboards.hockeysfuture.com/sh....php?t=1125147
Part III: http://hfboards.hockeysfuture.com/sh....php?t=1103231
Part II: http://hfboards.hockeysfuture.com/sh....php?t=1094241
Part I: http://hfboards.hockeysfuture.com/sh...d.php?t=908743
Nickname thread: http://hfboards.hockeysfuture.com/sh....php?t=1096759

http://www.seattle.gov/council/attac...ag_compare.pdf
http://www.seattle.gov/arena/
http://www.king5.com/news/arena
http://www.sonicsarena.com/
http://www.youtube.com/user/Sonicsgate

No Fun Shogun 01-21-2013 04:23 PM

Rapidly approaching realization and finally putting an NHL team in the area of the United States that makes no sense to have never had one before.

Although I'm still not sold on that arena rendering....

gstommylee 01-21-2013 04:32 PM

Quote:

Originally Posted by No Fun Shogun (Post 58031895)
Rapidly approaching realization and finally putting an NHL team in the area of the United States that makes no sense to have never had one before.

Although I'm still not sold on that arena rendering....

Arena problems was the reason why Seattle has no NHL team.

Nuclear SUV 01-21-2013 04:34 PM

Quote:

Originally Posted by No Fun Shogun (Post 58031895)

Although I'm still not sold on that arena rendering....

Ignore the colors in the rendering. The volcano roof will look cool all lit up in team colors. It will have millions of LED lights and will be capable of an unimaginable amount of color schemes. It sounds like it will be first class. A lot of thought and design is being put into the arena. Hansen has invested in land for the arena and adjacent parcels to create a first class neighborhood and experience.

silvercanuck 01-21-2013 04:49 PM

I don't like the design at all. It's just odd looking and blends in with the neighborhood too much. It's a bland structure to me. It could be anything. My first impression would be not be sports arena.

DyerMaker66 01-21-2013 05:58 PM

Quote:

Originally Posted by silvercanuck (Post 58033219)
I don't like the design at all. It's just odd looking and blends in with the neighborhood too much. It's a bland structure to me. It could be anything. My first impression would be not be sports arena.

Isn't that what people usually go for? Toyota, for example, made their company gym in Cambridge look like a barn from the outside so that it would blend in with the surroundings at the time.

Mightygoose 01-21-2013 08:21 PM

Article from the Seattle times. No news on the search for a hockey team to play in the arena.

http://seattletimes.com/html/nba/202...shockey22.html

Levin says 'To my knowledge, there are no teams avaiable'.

Check back in 10 days :laugh:

Undertakerqc 01-21-2013 08:29 PM

Interesting how Levin says there are a couple of teams in the NHl that could be available at some point...

superdeluxe 01-21-2013 08:55 PM

http://m.espn.go.com/general/blogs/b...aig&id=8866105


Insider article but essentially states Jamison has till end of month to come up with financing and sign lease

superdeluxe 01-22-2013 09:49 AM

Now it has turned political:

http://www.geekwire.com/2013/califor...s-seattle-nba/

California state Senate President Pro Tem*Darrell Steinburg isn’t happy about that — not one bit.
He’s so angry that the 53-year-old*addressed a letter to California Department of General Services director Fred Klass asking why Microsoft and Ballmer are “engaging in activities which are clearly measurably detrimental to our State’s job and revenue base —*not to mention use profits earned through business with our State to appropriate a California-based asset.”
Yep, the sparks are a-flyin’. Steinburg, a former Sacramento City Council member who was heavily involved in keeping the Kings in Sacramento two years ago, also asks Klass to provide several bits of information relating to how much money Redmond-based Microsoft has earned from the State of California over the past decade.

No Fun Shogun 01-22-2013 10:17 AM

Or it's just a politician getting some press time from a PR perspective.

JawandaPuck 01-22-2013 11:12 AM

Quote:

Originally Posted by Mightygoose (Post 58050811)
Article from the Seattle times. No news on the search for a hockey team to play in the arena.

http://seattletimes.com/html/nba/202...shockey22.html

Levin says 'To my knowledge, there are no teams available'.

Check back in 10 days :laugh:

Unlike some other prospective Seattle NHL owners, Levin is not in the know, and likely lacks the deep relationships within the highest levels of the NBA & NHL. In that article though, Don Levin was able to confirm something we've known for a while:
"I have had no (recent) contact with Chris. He has probably worked with some other people ... When I spoke to him at some point in the past, he said there were other people interested, so I'm sure he is (pursuing a team with other owners)."
I previously speculated on the identity of our mystery Seattle NHL prospective owner here (link), and it looks as though Seattle PI blogger Nick Eaton, on February 19, 2012, also considers this family a standing member in the usual suspects:
When you think of local multimillionaires who might put up the cash to fund a new NBA and NHL arena in Seattle, a few names come to mind: Microsoft CEO Steve Ballmer, Microsoft co-founder Paul Allen, cellular mogul Craig McCaw. So, who the heck is (this Pacific Northwest native & and Bay Area resident) Chris Hansen?


Though I've yet to find a smoking gun, my suspicion is that another Pacific Northwest native & and Bay Area resident, Greg Jamison, who has his own deep ties to the NHL & NBA, is somehow directly or indirectly in on it.

nwpensfan 01-22-2013 11:56 AM

Quote:

Originally Posted by superdeluxe (Post 58076329)
Now it has turned political:

http://www.geekwire.com/2013/califor...s-seattle-nba/

California state Senate President Pro Tem*Darrell Steinburg isn’t happy about that — not one bit.
He’s so angry that the 53-year-old*addressed a letter to California Department of General Services director Fred Klass asking why Microsoft and Ballmer are “engaging in activities which are clearly measurably detrimental to our State’s job and revenue base —*not to mention use profits earned through business with our State to appropriate a California-based asset.”
Yep, the sparks are a-flyin’. Steinburg, a former Sacramento City Council member who was heavily involved in keeping the Kings in Sacramento two years ago, also asks Klass to provide several bits of information relating to how much money Redmond-based Microsoft has earned from the State of California over the past decade.

So I guess Ballmer is not allowed to spend money anywhere in the world where he made profits. I am pretty sure he can say he is only using those profits he earned from other states/countries but not Callifornia. :shakehead

gstommylee 01-22-2013 02:14 PM

Quote:

Originally Posted by nwpensfan (Post 58083151)
So I guess Ballmer is not allowed to spend money anywhere in the world where he made profits. I am pretty sure he can say he is only using those profits he earned from other states/countries but not Callifornia. :shakehead

Empty threat. He ought to really be careful when making these threats or he may be in legal hot water. Plus microsoft isn't buying the kings.

superdeluxe 01-22-2013 02:56 PM

Tortious interference

cheswick 01-22-2013 04:47 PM

Kypreos on hockey central at noon today said its a lot more realistic in the last little while than it was 6 months ago in relation to an NHL team in Seattle.

CHRDANHUTCH 01-22-2013 05:49 PM

Quote:

Originally Posted by cheswick (Post 58100153)
Kypreos on hockey central at noon today said its a lot more realistic in the last little while than it was 6 months ago in relation to an NHL team in Seattle.

only problem is, cheswick, once Phoenix is settled, what franchise is in trouble that it needs new ownership

nwpensfan 01-22-2013 05:55 PM

Quote:

Originally Posted by CHRDANHUTCH (Post 58103131)
only problem is, cheswick, once Phoenix is settled, what franchise is in trouble that it needs new ownership

The NHL, in my opinion, does not need to be done at same speed as NBA. Once an NBA team is here then that guarantees an NHL ready arena and when a team comes available (relocation, expansion) Seattle will be ready. If Phoenix deal falls apart Seattle is close to being ready. Otherwise no hurry because the building will be here.

Dowisetrepla 01-22-2013 07:55 PM

Quote:

Originally Posted by nwpensfan (Post 58103417)
The NHL, in my opinion, does not need to be done at same speed as NBA. Once an NBA team is here then that guarantees an NHL ready arena and when a team comes available (relocation, expansion) Seattle will be ready. If Phoenix deal falls apart Seattle is close to being ready. Otherwise no hurry because the building will be here.

I agree. Given the weakness of the Key as a hockey venue, it might be best to wait until the new arena is built and then have a NHL team arrive, whether a team moving from elsewhere or an expansion team.

gstommylee 01-22-2013 08:14 PM

@JasonPuckettKJR
From Mayor McGinn’s office: Economic impact study on arena to be released in mid April. Environmental impact study to b released May/June.


This is huge. When the NBA approves sale/relocation of the Kings to Seattle. The new arena construction will essential start this fall once the city/county gives its final approval.

superdeluxe 01-22-2013 09:04 PM

Quote:

Originally Posted by Dowisetrepla (Post 58115275)
I agree. Given the weakness of the Key as a hockey venue, it might be best to wait until the new arena is built and then have a NHL team arrive, whether a team moving from elsewhere or an expansion team.

Expansion in time for 15-16 season? Or will another bad market move.

superdeluxe 01-22-2013 09:05 PM

Quote:

Originally Posted by gstommylee (Post 58118143)
@JasonPuckettKJR
From Mayor McGinn’s office: Economic impact study on arena to be released in mid April. Environmental impact study to b released May/June.


This is huge. When the NBA approves sale/relocation of the Kings to Seattle. The new arena construction will essential start this fall once the city/county gives its final approval.

So shovel in ground in July ?

superdeluxe 01-22-2013 09:16 PM

@ChrisDaniels5: Board asks "Why did you choose an Orange cone" #SeattleArena architect A - It's a placeholder color."

gstommylee 01-22-2013 09:30 PM

Quote:

Originally Posted by superdeluxe (Post 58125209)
So shovel in ground in July ?

Na too early. My bet is September-October. City/county have to go over the reviews and make a final determination if they want to move foward or not. There COULD be potential challenging of the results of the studies.

gstommylee 01-22-2013 09:34 PM

Another arena design review meeting was tonight and there were a few issues about the grand plaza and members have asked that the plaza/stairs be redesigned.


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