Maloofs Seek Majority Sale Of Kings While Maintaining Input On Operations
The current owners of the Sacramento Kings are seeking a significant sale of the franchise while maintaining a voice in how it is run, according to a source. The demands of the Maloof family has caused a possible snag in negotiations with a group that intends to move the franchise to Seattle.
Chris Hansen is leading a group of prospective owners that has been negotiating with the Maloofs for approximately a week.
Yahoo! Sports quoted a source saying it was "first and goal at the one."
The Maloofs have been heavily and visibly involved in running the Kings since they purchased the franchise in 1998, but the family is reportedly unable to continue to afford the franchise.