Mar 24, 2013; Sacramento, CA, USA; Sacramento Kings fans hold a hope sign with the face of mayor Kevin Johnson who is leading efforts to keep the Kings in Sacramento during the fourth quarter against the Philadelphia 76ers at Sleep Train Arena. The Philadelphia 76ers defeated the Sacramento Kings 117-103. Mandatory Credit: Kelley L Cox-USA TODAY Sports

Sacramento Ownership Group Officially Plans To Match Seattle Bid For Stake In Kings Franchise

Given what we were told by Pro Basketball Talk’s Aaron Bruski nearly a week ago and again this morning by CBS’ Ken Berger, the potential Sacramento ownership group matching the Seattle groups bid for the seven percent stake of the Kings’ franchise currently held in bankruptcy court was all but a formality.

But tonight, official word came from Sacramento Mayor Kevin Johnson as he announced that the Sacramento based group attempting to keep the Kings in Sacramento will use their first right of refusal and match the bid placed by Chris Hansen and the Seattle group last week.

Per Kevin Johnson on Twitter:

Big News! Kings limited partner files intent to match offer on 7% with trustee. It’s staying in Sacramento! #PlayingToWin

Breaking news, it is not, as the matching was widely expected. However, that doesn’t change the importance of the bid as maintaining that percentage in Sacramento hands could prove to be a vital key to keeping the Kings local.

The news comes hours before both the Seattle and Sacramento groups are to speak at NBA headquarters, each hoping to sway opinions of NBA owners and members of the relocation committee before the all important vote decides the fate of the Kings franchise in mid-April.

It’s going to be a long two weeks, King fans.

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Tags: Relocation Sacramento Kings Seattle Sonics

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