Apparently the Maloofs invested all their money in plastic. AM I RIGHT?!
According to the Sacramento Bee, it's official: the Kings have been sold to the Seattle group led by Chris Hansen.
A tweet from a Comcast Sports Bay Area NBA analyst this morning said the team had been sold for $525 million to a group led by hedge-fund manager Chris Hansen. A representative for Hansen in Seattle could not immediately be reached for comment.And, as Sonics fans know, these kind of anonymous sources are never, ever wrong.
Eric Rose, a Kings spokesman, said, "Nothing has changed with our position that we will not comment on rumors or speculation about the Sacramento Kings franchise."
UPDATE: And now, of course, CBS Sports is reporting that the Kings might have a local buyer lined up. Gulp!