Lifestyle > Sports & Entertainment
WELCOME BACK SEATTLE SUPERSONICS...GOODBYE SACRAMENTO KINGS
Remedy360:
Back in 2008, I wish that Seattle had a mayor with half of the persistence that KJ has towards this whole thing. Still don't see them beating out Hansen's group though. Additionally, I don't really see the NBA letting it get this far only to just give it back to Sac-Town with all the time they've had to figure this shit out. And with all due respect to Sac-Town who does have a great fan-base, comparing the two in terms of media revenue, corporate sponsors, and potential ownership groups is laughable. Now that we have a viable arena close to construction, the NBA should be begging to come back here. Lame for those fans though considering the fact that markets like NO, Memphis, Charlotte, have never embraced their teams close to the extent of Sacramento.
DJ SUGAFREE QUIK:
--- Quote from: NIKCC on January 21, 2013, 01:18:07 PM ---
--- Quote from: Russell Bell on January 21, 2013, 01:16:55 PM ---
--- Quote from: NIKCC on January 21, 2013, 11:28:04 AM ---deal to be finalized this week:
http://bleacherreport.com/articles/1494127-deal-to-move-sacramento-kings-to-seattle-will-reportedly-be-finalized-this-week?utm_source=newsletter&utm_medium=newsletter&utm_campaign=nba
--- End quote ---
yep its a done deal
maloofs totally screwed sacramento and its fans on a huge scale
fucked up shit
--- End quote ---
LOL...i wont be surprised if one of em ends up assassinated.
--- End quote ---
Well them no-cals are fucking crazy. They wanted 2 kill biggie because he gave E-40 a low rating on west coast rappers. Its not like he said Fuck E-40 & whoever likes him. All no-cals do nowadays is shooting deaths :scarface: Art Modell had 2 leave when he made the deal to move the clowns to B.more. The way the clowns was in the 90's they shoulda thanked him. That city deserved a better team.
--- Quote from: Russell Bell on January 21, 2013, 03:06:49 PM ---
--- Quote from: NIKCC on January 21, 2013, 01:18:07 PM ---
--- Quote from: Russell Bell on January 21, 2013, 01:16:55 PM ---
--- Quote from: NIKCC on January 21, 2013, 11:28:04 AM ---deal to be finalized this week:
http://bleacherreport.com/articles/1494127-deal-to-move-sacramento-kings-to-seattle-will-reportedly-be-finalized-this-week?utm_source=newsletter&utm_medium=newsletter&utm_campaign=nba
--- End quote ---
yep its a done deal
maloofs totally screwed sacramento and its fans on a huge scale
fucked up shit
--- End quote ---
LOL...i wont be surprised if one of em ends up assassinated.
--- End quote ---
these fools had the nerve to still show up to games recently too
smdh
--- End quote ---
I guess they got the idea from bud adams. He still went to the oiler games after he chose to move the oilers to tennessee :) He still lives in the houston area. Wonder why he just didn't move them to san antonio? Although adams pissed off the fans so much that they didn't care that he left & took the oilers name.
--- Quote from: Remedy360 on January 23, 2013, 01:17:33 AM ---Back in 2008, I wish that Seattle had a mayor with half of the persistence that KJ has towards this whole thing. Still don't see them beating out Hansen's group though. Additionally, I don't really see the NBA letting it get this far only to just give it back to Sac-Town with all the time they've had to figure this shit out. And with all due respect to Sac-Town who does have a great fan-base, comparing the two in terms of media revenue, corporate sponsors, and potential ownership groups is laughable. Now that we have a viable arena close to construction, the NBA should be begging to come back here. Lame for those fans though considering the fact that markets like NO, Memphis, Charlotte, have never embraced their teams close to the extent of Sacramento.
--- End quote ---
People in charlotte did embrace the hornets but management drove the fans away with all their dumbass trades, owner pissed them off also. And I found out why the league is tryna make the move now instead of giving seattle an expansion team. So Clay Bennett won't have to pay an extra $30 million. I can't find the site to explain what I mean right now.
Remedy360:
Don't see how they could turn it down after this...the 525 Mill price that the Seattle team is paying would make the Kings the 11th most valuable franchise and boosts the average franchise value..
SEATTLE -- The Kings lost on Wednesday night. But that was likely a post script for many fans who care about the long term future of the franchise.
Sacramento Mayor Kevin Johnson repeated Wednesday that he was collecting investors in a rival bid to buy the franchise and keep it in his city. But he acknowledged he had not lined up a potential majority investor, and isn't sure about plans for a new Downtown Sacramento Arena.
Johnson said he hopes a solid plan, and investors, will help convince the NBA to reject the recent sale of the franchise to a Seattle group.
The NBA announced Monday that Chris Hansen has a purchase and sale agreement for the Kings. Both Hansen, and the Maloof Family, which currently owns the franchise, confirmed the sale.
It is pending approval of NBA Owners. Sources say the deal was for 65% of the franchise, which would have a valuation of $525 million. It includes a $30 million dollar non-refundable down payment, by Hansen, to the Maloofs.
A source close to the negotiations, speaking on a condition of anonymity, confirmed there was strategic reason for that payment and it may open the door for a legal challenge by either side if the deal is not approved.
NBA Owners may also smile at what the $525 figure has already done to franchise values. Forbes Magazine said Wednesday the Kings are now the 11th most valuable franchise in the NBA, based on Hansen's deal. That also boosted the average franchise value to $509 million, according to Forbes, which says that's a 30% increase over last year.
Author Kurt Badenhausen also wrote, "The increase is due to higher revenue from television, new and renovated arenas, and the NBA's new collective-bargaining agreement, which reduced player costs from 57% of revenues to roughly 50%. The labor deal also increased the amount of money high-revenue teams provide low-revenue teams."
His data also claims the purchase increased the Kings value 75% in one year. The franchise has been in the bottom four of the league in revenue, according to Forbes.
Hansen must file for relocation by March 1st. The NBA Owners will likely vote on the issue in April.
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