Ellison To Meet With Johnson On Potential Counteroffer For Kings
Larry Ellison's quest to purchase an NBA team may continue with the Sacramento Kings.
Ellison is expected to meet soon with Sacramento Mayor Kevin Johnson, according to minority owner Bob Cook.
Ellison is worth $41 billion and attempted to purchase the Golden State Warriors in 2010.
Ellison apparently would be operating independently of the potential partnership between billionaire Ron Burkle and Bay Area investor Mark Mastrov.
The possible emergence of Ellison could further complicate the Maloofs' efforts to complete their deal with the Seattle group, led by hedge fund manager Chris Hansen and Microsoft billionaire Steve Ballmer.
Ellison's presence could present a competitive counteroffer, which would also coincide with a legal challenge.