A potential new Sacramento Kings buyer may have entered the picture. That potential Kings buyer is 24-hour Fitness founder Mark Mastrov. According to a report from Thursday (Feb. 28), Mastrov and a group that he leads is going to attempt to purchase the Kings and keep them in Sacramento.
Sacramento mayor Kevin Johnson made the announcement along with plans to turn a downtown mall into a new arena for the team. While the Maloof family and a Seattle group led by Chris Hansen already has an agreement in place, a bid from Mastrov will be presented to the NBA on Friday (March 1). What the current NBA owners decide to do at that point is a hotly debated topic.
The plan isn't to just buy the Kings, though, but also the defunct Sacramento Monarchs of the WNBA. The report on Johnson's speech to the city went on to say that in addition to Mastrov, the ownership group will include 21 local investors who will each put up at least $1 million to buy 7 percent of the team that is in bankruptcy court.
As for the Kings, having a second buyer in place seems like an insurance policy for the Maloof family. The purchase by Chris Hansen and his group seems pretty straightforward, possibly leading to Seattle getting finally getting another NBA team. This latest news out of Sacramento won't make the Seattle fans happy, but the NBA seems intent on leaving every door open to the fans in California.
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