Rumors have been floating for the past few days that the group hoping to purchase the Sacramento Kings would be submitting 50% of the purchase price into escrow. And now, according to the Sacramento Bee’s Dale Kasler, that’s exactly what they’ve done.
@Vivek & partners put 50% of #NBAKings purchase price in escrow today, as expected.
The news was also confirmed by News 10′s Bryan May:
I have confirmed the Sacramento ownership group
@vivek did in fact put 50% of #NBAKings purchase price in an escrow account today.