OT: NBA Sacramento sale moves along
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01-25-2013, 06:43 PM
Join Date: Feb 2012
Originally Posted by
They came to a non-binding agreement between the city, the Maloofs, and AEG. Both the city and AEG has said that they are still behind the deal if the situation arises where new owners come in and get the Kings and want that deal. The deal only had the Kings contributing somewhere between 65-75 million and that was mostly going to come from the loan that the Maloofs owed the city anyway.
But its not like the city has $300+ million sitting in an account waiting. So they have to go to market and get a commitment from a funding source to do it.
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