Metro Seattle: NHL, NBA and Arena - Part V
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01-21-2013, 04:00 PM
Join Date: Oct 2006
Originally Posted by
They certainy have that right, but the Seatte ownership groups has the money, good people, and good connections. It is not a low money, shiesty, fly-by-night shady investor group.
$525,000,000 = 100% value of the team. The actual figure changing hands will be less since the Maloofs share does not equal 100%.
Excactly. Shultz did nothing. He bought the team because he was a Knicks fan growing up, not to save Seattle basketball. He never made any serious attempt to build an arena nor sell to one of the very interested local billionaires (one of which just bought then Kings with Hansen).
No, the prior ownership group got Key Arena built in 1995. They were happy and content when they sold then Sonics. The young arena was not an issue. Ackerley was getting old and it was time for them to move on. They already were selling off their radio/billboard empire to Clear Channel at the time.
You are factually challenged about the Sonics in Seattle.
Never said the Seattle group was a sheisty group. Only saying that the league reserves the right to approve owners. Some people here seem to believe otherwise and that's not the case.
And your valuation flies right in the face of what has been reported. That figure includes relocation as part of the valuation of the team. Sacramento doesn't have to pay that. You're free to disagree but you're free to be wrong.
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