Seattle Group Offering Up To A Half Billion Dollars To Buy NBA Franchise

Credit: Kyle Terada-US PRESSWIRE

The Maloofs aren’t selling – they’ve been adamant about it. They weren’t interested in at least $350 million from Robert Pera, the Grizzlies new owner who tried to buy the Kings before settling on the Memphis franchise. They’ve continually said that selling the Houston Rockets back in the 1980′s was one of the worst decisions they’ve ever made and one they’d never make again when it came to the Kings.

But they’ve also never been offered over a half billion dollars.

According to a Los Angeles Times report, a Seattle ownership group headed by Chris Hansen has offered $300 plus million dollars to build a new arena complex as well as another $500 million to purchase an NBA Team:

Former Sonics stars Payton, Kemp and Schrempf made appearances to raucous cheers, as did the boyish Chris Hansen, the hedge-fund manager who has offered to contribute almost $300 million for a proposed arena south of downtown and $500 million to buy an NBA team. Hansen’s bid has gathered momentum, with heavyweights such as Steve Ballmer, chief executive of Microsoft, and the Nordstrom family pledging financial support.

There’s been no outside confirmation of the funds, so it’s certainly not gospel that the offer is as lucrative as initially reported, but still, that is a lot of money for the Maloofs to turn down, assuming any offer is ever made and the deal is as rich as assumed.

H/T @aaronbruski

Topics: Arena, Chris Hansen, Gavin Maloof, George Maloof, Houston Rockets, Joe Maloof, Maloofs, Memphis Grizzlies, Robert Pera, Sacramento Kings, Seattle Sonics, Seattle Supersonics

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