Henry Samueli, billionaire owner of the Anaheim Ducks, is all but subsidizing the move for the Maloof family so that an NBA team can join the Ducks as professional co-tenants at Honda Center.
Samueli is guaranteeing repayment of the $75 million in lease-revenue bonds which will all be purchased by "private investors". Included in the $75 million package is a $50 million loan to the Maloofs.
But without Samueli's deep pockets — and it's possible he might also give the Maloofs a substantial personal loan — it's questionable the Maloofs would have the money needed to pay the NBA's hefty relocation fee (likely in the $30 million range) and pay off an existing loan with the City of Sacramento.
The Maloofs inherited the terms of a $70 million loan from the previous Kings owner when they bought the team, and there's a reported $67 million left on the loan, which also stipulates a prepayment penalty of $9 million.
That $76 million would have to be paid in full if the Kings relocate or else the City of Sacramento would acquire a $25 million stake in the team.