Sacramento Businessmen Ask Commissioner David Stern To Force Kings' Sale
Several Sacramento-area businessmen sent a letter to NBA commissioner David Stern Thursday asking him to "strongly encourage" the Maloof family to sell the Kings, according to ESPN.com. The crux of the argument revolves around the city leaders' desire for the Kings to build a new arena.
"We feel it is time for the Maloofs to sell their ownership of the franchise, for the good of the city and in the interest of advancing Sacramento's effort to build a downtown arena," a portion of the letter reads. "The city, the fans and the NBA deserve and require an ownership group that is fully committed to being a good-faith constructive participant in the arena process."
For their part, the Maloofs were said to be "saddened and disappointed" by the developments."We share in the community's frustration on forging a workable agreement on what is ultimately a $400 million transaction that will impact the region for many years to come," family spokesman Eric Rose said in a statement, according to the report. "However, we must all remember what is at stake in the development of a new arena in Sacramento, and must insure the agreement works for all parties involved, and most importantly, the residents of the city."