After the NBA's Board of Governors rejected the sale of the Sacramento Kings to Chris Hansen's Seattle-based group on Wednesday, the league will make arranging a sale between the Maloofs and the Sacramento-based group headed by local investor Vivek Ranadivé a priority.
Vivek Ranadivé expects Kings purchase this week
The NBA will try to facilitate a sale between the Maloofs and the Sacramento-based group headed by Ranadivé.
Lawyers for the Maloofs and Ranadivé have been engaged in “serious” discussions over the last few days, including exchanging financial documents, according to a report from the Sacramento Bee.
“I have no doubt we’ll get something done,” Ranadivé told the paper on Wednesday.
However, with the way the Maloofs have handled this process over the last few years, you never know. After the Board of Governors meeting on Wednesday, George Maloof insisted that there was no pressure on them to sell.
From an on-court perspective, the NBA will want the deal done as soon as possible, since the Kings front office and coaching staff is currently in limbo while they wait for a sale to finalize.
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