Credit: Kelley L Cox-USA TODAY Sports

Sacramento: What if Maloofs Sell to Seattle and Fail to Repay Loan to Sacramento?

There have been recent concerns the Maloofs may default on their loan to the city of Sacramento, as reported in the Sacramento Bee.  With a prepayment penalty the loan amounts to $77 million. That is a pretty hefty sum, if the owners should decide to walk away from it.

I asked Michael McCann about it. He is a legal analyst and writer. Here what he had to say:

Adding…

There are those who say this would never happen that the Maloofs would pay off the loan. There are those who say the NBA would never allow this to happen. If they are wrong, the consequences to Sacramento could be very damaging.

UPDATE:

McCann added this tweet:

Next Kings Game Full schedule »

Tags: Maloofs NBA Sacramento Kings

comments powered by Disqus