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01-20-2013, 11:34 PM
Peter the Great
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Join Date: Jun 2007
Location: Edmonton
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Marc Stein @ESPNSteinLine
Just going online now: Maloofs have struck deal to sell 65 percent of Kings to Chris Hansen group in Seattle for $525 million, sources say

Marc Stein @ESPNSteinLine
Kings deal to Seattle group still requires formal NBA ratification but Hansen group intends to file for relocation by March 1 if approved

Marc Stein @ESPNSteinLine
ESPN sources say no agreement yet reached on remaining 35 percent of Kings shares, which are held by minority investors, NOT Maloofs

Marc Stein @ESPNSteinLine
Sources say deal calls for Maloofs to receive non-refundable $30 million from the Hansen group by Feb. 1 whether or not sale is approved

Adrian Wojnarowski @WojYahooNBA
With sale finalized, NBA's Relocation Committee will approve Kings move to Seattle for next season, sources tell Y! "Formality," source says

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