Throwdown":20stw8w8 said:
Michael McCann @McCannSportsLaw 14m
Maloofs won’t sell Kings to Sacramento group? NBA cannot force a sale—unless NBA wants to test its Bests Interests power. Likely in court.
I must be a genius today...
Still dont want to say "checkmate", Someone else wanna say it for me??
I was wondering about a "Best Interest" takeover by the NBA when the story was reported about the Maloofs "backup" offer. The NBA owned the New Orleans Hornets for awhile until Benson and not sure what happened in Charlotte. I could see Stern and company trying this end run. This has been one long drawn out ugly situation.
The amount of money Hansen/Ballmer/Nordstorm are putting into this transaction to make it happen is mind-blowing. I wonder at what point does it no longer make economical sense to pursue the deal? The relocation payment, the twice updated valuation for the club, the pay into sharing only. I would think there is no way they can do without the NBA TV money, so that has to be a non-negotiable issue. Wonder how much this upfront money and givebacks affects their profit margin?
Would love to see a chart that showed the point of projected losses. These guys are close to $1B being spent or vacated to make this deal. Crazy.