Sources: Investor seeking to buy Kings - Spokane, North Idaho News & Weather KHQ.com

Sources: Investor seeking to buy Kings

Posted: Updated:
by Michelle Dapper, SWX Anchor/Reporter - bio | email

SEATTLE (AP) - People with knowledge of the situation say investor Chris Hansen has contacted the Maloof family about buying the Sacramento Kings.

The people spoke on condition of anonymity Wednesday because no deal has been reached. One person says the Kings could sell for more than $500 million.

Hansen is trying to build a new arena in Seattle, which lost the SuperSonics to Oklahoma City in 2008.

The Kings' future in Sacramento has been uncertain because the Maloofs and the city haven't been able to come up with a long-term arena solution.

Yahoo! Sports first reported the discussions between the Kings and Hansen.

 

  • Pro SportsPro

  • Monday, May 20 2013 7:26 PM EDT2013-05-20 23:26:04 GMT
    Pete Carroll and the Seattle Seahawks started organized team activities with very little talk about anything that took place on the field.
    Pete Carroll and the Seattle Seahawks started organized team activities with very little talk about anything that took place on the field.

  • Monday, May 20 2013 7:24 PM EDT2013-05-20 23:24:34 GMT
    Yan Gomes hit a three-run homer in the 10th inning and the Cleveland Indians, twice revived by Seattle's fielding errors, beat the Mariners 10-8 on Monday to complete a four-game sweep of the Mariners.

     
    Yan Gomes hit a three-run homer in the 10th inning and the Cleveland Indians, twice revived by Seattle's fielding errors, beat the Mariners 10-8 on Monday to complete a four-game sweep of the Mariners.

     

  • Monday, May 20 2013 1:04 AM EDT2013-05-20 05:04:58 GMT
    The Texas Rangers have placed second baseman Ian Kinsler on the 15-day disabled list because of bruised ribs and recalled top prospect Jurickson Profar from Triple-A Round Rock.
    The Texas Rangers have placed second baseman Ian Kinsler on the 15-day disabled list because of bruised ribs and recalled top prospect Jurickson Profar from Triple-A Round Rock.
    •