Thursday, April 4, 2013

Sacramento, Seattle groups present to NBA owners

FILE - In this Feb. 28, 2012, file photo, Sacramento Mayor Kevin Johnson, center, celebrates a tentative agreement to build a new arena and keep with the in Sacramento, Calif., with Sacramento Kings owners Joe, left, and Gavin Maloof, right, during a timeout in an NBA basketball game in Sacramento, Calif. After backing out of the deal to build a new arena in Sacramento and announcing the sale of the Kings to a group that wants to move the team to Seattle, the brothers have become the city's most-reviled villains heading into a preliminary NBA meeting on the issue Wednesday, April 3, 2013, in New York. (AP Photo/Steve Yeater, File)

FILE - In this Feb. 28, 2012, file photo, Sacramento Mayor Kevin Johnson, center, celebrates a tentative agreement to build a new arena and keep with the in Sacramento, Calif., with Sacramento Kings owners Joe, left, and Gavin Maloof, right, during a timeout in an NBA basketball game in Sacramento, Calif. After backing out of the deal to build a new arena in Sacramento and announcing the sale of the Kings to a group that wants to move the team to Seattle, the brothers have become the city's most-reviled villains heading into a preliminary NBA meeting on the issue Wednesday, April 3, 2013, in New York. (AP Photo/Steve Yeater, File)

NEW YORK (AP) ? Representatives from Sacramento and Seattle are making their presentations before NBA owners, hoping to show their city is the best home for the Kings franchise.

A Seattle group headed by investor Chris Hansen and Microsoft CEO Steve Ballmer has a pending agreement with the Maloof family to buy 65 percent of the team and move it back to the city the SuperSonics left in 2008. Sacramento has put together its own group to make a competing bid.

The sides are meeting Wednesday with members of the Advisory Finance and Relocation committees, comprised of 12 owners.

A group of Sacramento fans wearing Kings jerseys gathered in front of a hotel to greet their side's contingent, led by Mayor Kevin Johnson.

A vote is expected during the owners meeting on April 18-19.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-04-03-BKN-Kings-Sale/id-f268feeaace14cfc91f89dffffb013ef

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