NBA returning to Seattle?

Blitzer88 · Apr 12, 2013

chris98251":3uhvylqw said:
If the Whale won't or can't get 7 % to limit Hansens control, 7 percent is a big chunk of the 35 percent thats not owned by the Maloofs how is that ownership group going to match the 65 percent plus deposit and a arena.

Luchetti is not one of KJ's whales. He is a current minority stake holder in the Kings already.

Sports Hernia · Apr 12, 2013

drdiags":l37pu8rq said:
Throwdown":l37pu8rq said:

Dale Kasler ‏@dakasler 35m
I've been told as well, as @sam_amick reported, that ltd partner Lucchetti no longer expected to match Hansen bid for 7% share in #NBAKings

Hansen controls 7%

Click to expand...

Was wondering about this, since I last saw the Lucchetti bid being accepted by the Bankruptcy lawyer. Which I thought there was a non-compete when Hansen put in the bid. This thing has so many twists and turns, probably will kill off Blitzer88. We may have to cremate him and toss his ashes in the ocean like the Dude did with his bud.

I don't see Blitzer as a bowler. ...and if he is he's probably a lefty!

chris98251 · Apr 12, 2013

He is part of the group, I thought it was his shares that were in Bankrupt state and he was trying to reaquire them and be a member of the group.

Throwdown · Apr 12, 2013

No, bob cook is bankrupt, luchetti is a minority owner of the kings already and tried to use his first right of refusal, but obviously he hasn't followed through on that.

And now it looks like if the sac group does make a formal bid, Hansen and Ballmer are going to up their offer.

STAY STRONG, BLITZER!!! Trust in Chris Hansen!

Pstark3 · Apr 12, 2013

Sac town matched Hansens offer.

Sac · Apr 12, 2013

Pstark3":350d9k8t said:
Sac town matched Hansens offer.

That's right bitches!

Shaz · Apr 12, 2013

Pstark3":2kso0gz2 said:
Sac town matched Hansens offer.

No they haven't, they have SAID they matched it, there has not been an official offer shown

JOz56 · Apr 12, 2013

Pstark3":26ctnxv1 said:
Sac town matched Hansens offer.

To what extent?

Chris Daniels
NEW: Two sources confirm Hansen/Ballmer considering upping offer for #NBAKings. I'm told $25m increase being considered.

Shaz · Apr 12, 2013

Chris Daniels ‏@ChrisDaniels5
NEW: Two sources confirm Hansen/Ballmer considering upping offer for #NBAKings. I'm told $25m increase being considered.

Throwdown · Apr 12, 2013

Pstark3":2sqs3815 said:
Sac town matched Hansens offer.

Formally, or are you talking about the report from earlier today where they said they would.

Pstark3 · Apr 12, 2013

Throwdown":1hhj20af said:
Pstark3":1hhj20af said:

Sac town matched Hansens offer.

Click to expand...

Formally, or are you talking about the report from earlier today where they said they would.

Well I heard the report and saw that Hansen and Balmer were planning to raise the offer so I assumed it would have to be formal

Shaz · Apr 12, 2013

Pstark3":2p0orcbb said:
Throwdown":2p0orcbb said:

Pstark3":2p0orcbb said:

Sac town matched Hansens offer.

Click to expand...

Formally, or are you talking about the report from earlier today where they said they would.

Click to expand...

Well I heard the report and saw that Hansen and Balmer were planning to raise the offer so I assumed it would have to be formal

That is on the condition that the Sac group has indeed matched

Which they haven't

Throwdown · Apr 12, 2013

Sounds to me that Seattle won today

The Outfield · Apr 12, 2013

Anyone have or know where to find a list of the people part of the Sacramento group? It's gotta be pretty long...

Pstark3 · Apr 12, 2013

Shaz":13ghs6sk said:
Pstark3":13ghs6sk said:

Throwdown":13ghs6sk said:

Formally, or are you talking about the report from earlier today where they said they would.

Click to expand...

Well I heard the report and saw that Hansen and Balmer were planning to raise the offer so I assumed it would have to be formal

Click to expand...

That is on the condition that the Sac group has indeed matched

Which they haven't

So if they havnt FORMALLY matched our offer by the end of today, is that game?

Shaz · Apr 12, 2013

Pstark3":qvsxrmrz said:
So if they havnt FORMALLY matched our offer by the end of today, is that game?

No, they have until the end of the weekend to match, which of course Hansen can up their bid by however much they like

They are basically calling Sacramento's bluff

Seahawk Sailor · Apr 12, 2013

Argh! This is essentially how I envision this whole thing going down. Figure out who's who for yourselves.

[youtube]VUOe_hLg7Bo[/youtube]

Shaz · Apr 12, 2013

Ye of little faith there Sailor

No worries

Hansen is our guide and he has not steered us wrong yet

Shaz · Apr 12, 2013

Just now from Chris Hansen:

http://www.sonicsarena.com/news/an-update

We would like to announce that we have reached an agreement with the Maloofs to raise the price we are offering to purchase the controlling interest in the Sacramento Kings NBA franchise by $25 million — from an enterprise value of $525 million to an enterprise value of $550 million.
While we already have a binding purchase agreement to purchase the controlling interest in the team, the Seattle Ownership Group has elected to voluntarily raise its purchase price as a sign of our commitment to bring basketball back to our City and our high degree of confidence in our Arena plan, our financing plan, the economic strength of the Seattle market, individual and corporate support for the team and, most importantly, the future of the NBA.
— Chris Hansen

Pstark3 · Apr 12, 2013

Hansen raises the offer before Sac even officially matches our old offer. Boss status

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