Metro Seattle: NHL, NBA and Arena - Part V
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01-21-2013, 05:42 PM
Join Date: Jan 2012
Originally Posted by
The Maloofs will still be allowed to receive other offers until BOG approval
'The Maloofs will get a $30 million non-refundable down payment by Feb. 1, according to the deal, the person said. They will still be allowed to receive other offers until the league approves the sale.'
Can't see the Hansen group going after the NBA or the Maloofs if a group very wealthy white knights saves the day. In that unlikley scenario, I can see expansion, even by 1.
I did mention that the NBA could reject sale IF the local group offered more than what Hansen was offering. However, there would be legal issues if that local group offer was less than 525m and NBA took the lower offer.
The problem with the rumored local offers that they are not including the city debt like it doesn't exist and making a lower offer.
I do not think the maloofs want to deal with local offers.
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