Jan 23, 2013; Sacramento, CA, USA; Sacramento mayor Kevin Johnson court side during the first quarter of the Sacramento Kings game against the Phoenix Suns at Sleep Train Arena. Mandatory Credit: Kelley L Cox-USA TODAY Sports

Bankruptcy Court To Rule On Hansen-Maloof Sacramento Kings Sale Documents

This coming Tuesday, February 26th, could prove to be a pivotal day in the saga that is Sacramento Kings basketball. As was announced last evening, the Sacramento City Council plans to formally meet with the unnamed “whales” and discuss plans for an arena complex and now according to Aaron Bruski of Pro Basketball Talk – Tuesday will also be the day that the bankruptcy court will look into the 7% share of the Sacramento Kings currently held in limbo:

Bankruptcy court in SAC to hold hearing on Tuesday about whether or not to keep Hansen offer/Kings partner docs under seal

While no official ruling on the portion of the Kings former minority owner Bob Cook will be held, the hearing could potentially open up documents which would allow Sacramento investors to at least see how the Seattle offer is written up and agreed upon.

Both sides continue to speak about the rumored right of first refusal, many Sacramento sources saying the minority owners do indeed hold that right while Seattle sources continue to say it’s a non-factor. Either way, between the “whales” potentially being announced publicly – more information on the potential arena location and potentially unsealing documents in the Hansen-Balmer group sale with the Maloof family, Tuesday looks like it could be a big day in Sacramento and Seattle.

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Tags: Relocation Sacramento Kings Seattle Supersonics

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