Jan 10, 2013; Sacramento, CA, USA; Sacramento Kings fans hold signs against the Maloof

Breaking: CSNBayArea Reporting Kings Sale To Seattle Group Complete For $525 Million

Matt Steinmetz of CSN Bay Area isn’t exactly somebody you’d consider to be a hotbed of Sacramento King news, but the Warrior/NBA analyst for the network is reporting that the pending sale of the Sacramento Kings is indeed complete.

I’ve heard from reliable source that the Kings’ sale to Hansen-Ballmer in Seattle is done deal. Source said price of the sale is $525 million. The source said further that the Maloofs will have no stake or decision-making with Seattle team and are out.

As of this moment, no other outlets are reporting the news – we’ll have more on it as information comes out.

Update:

Steinmetz says extra $25 million came after shopping deal:

And that extra $25 million also came from shopping Hansen-Ballmer original offer.

More Updates:

Sources close to respected Sacramento media informing them that no deal has been agreed upon.

Tags: Maloofs Relocation Sacramento Kings

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