Potential Sacramento King Owners Put 50% Of Purchase In Escrow

Apr 17, 2013; Sacramento, CA, USA; Sacramento Kings fans hold up a sign during the game against the Los Angeles Clippers at the Sleep Train Arena. The Los Angeles Clippers defeated the Sacramento Kings 112-108. Mandatory Credit: Ed Szczepanski-USA TODAY Sports

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.

Per Kasler:

Source says @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.

Topics: Sacramento Kings

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