Story Highlights Sacramento group agreed to deal with Sacramento Kings-owning Maloof family Deal will keep team in town for $535 million, USA TODAY Sports has learned Deal comes day after NBA Board of Governors rejected proposed move to Seattle (PhatzRadio / AP) — The Maloof family that owns the Sacramento Kings has reached an agreement [...]
Kings owners plan “backup” deal with Seattle group: ESPN
May 12, 2013 By Leave a Comment
(Reuters) – The owners of the Sacramento Kings intend to reject a sale that would keep the NBA team in the city and instead cut a deal that could give a minority stake to investors intent on moving the team to Seattle, ESPN reported on Saturday. The Maloof family, which owns the Kings, has favored [...]
South Korean firm among bidders for L.A. Dodgers: report
January 30, 2012 By Leave a Comment
(Reuters) – A consortium led by South Korean retailer E-Land is among the short-listed bidders vying to buy the U.S. Major League Los Angeles Dodgers baseball franchise, Yonhap News Agency reported on Monday, estimating the price tag at between $1.2 billion and $1.5 billion for the storied team. The Dodgers filed for bankruptcy protection in [...]
Mets get $40 million loan from bank: report
December 13, 2011 By 1 Comment
(Reuters) – The owners of Major League Baseball’s New York Mets received a $40 million (25.65 million pound) loan from a major bank that a source identified as the Bank of America, the New York Times reported on Monday. The team described the transaction as a “bridge loan” aimed at helping the club as it [...]
SAC’s Steven Cohen planning Dodgers bid: report
November 25, 2011 By Leave a Comment
(Reuters) – SAC Capital Advisors hedge fund manager Steven A. Cohen is planning a bid for the Los Angeles Dodgers, The Wall Street Journal reported on Thursday. The paper cited three people involved with the bankruptcy sale of the team, but it did not reveal how much Cohen might offer for the Dodgers. Cohen is [...]
