SuperSonics Returning? Maloofs Reach Agreement With Seattle Group

It’s a sad day for fans of the Sacramento Kings, with an agreement reached between the Maloof family and a Chris Hansen led Seattle group, pending league approval. Sources told ESPN.com the following:

The Maloof family that owns the Sacramento Kings has reached a purchase agreement to sell a 65 percent controlling interest in the franchise to a Seattle group led by Chris Hansen for $525 million, according to league sources.

Sources told ESPN.com that NBA teams were formally notified Sunday night of the deal, which still requires league approval.

Early reports like the one above suggested that 65 percent of the franchise would be worth a staggering $525 million, but recent reports have said otherwise.

The return of the SuperSonics is extremely likely now.

A New York connection.

 

Topics: Maloofs, NBA News, Sacramento Kings, Seattle Supersonics

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