((HT: News 10/Sacramento))
SacTown Mayor Kevin Johnson introduced his big guns to keep the Kings in town- Ron Burkle and Mark Mastrov we knew about. Then, he added Vivek Ranadive and Steve Jacobs. Johnson later announced this week that he has received $50 million in corporate sponsorships from an estimated 25 local companies over the next five years to support the arena and franchise...
Sounded good for Sacramento...
But...
Seattle part-interested owner Steve Ballmer bid $15 million earlier this week for minority owner Bob Cook's 7 percent ownership shares in the Kings that are in bankruptcy. That would raise the share of Seattle's interest to 72-percent. But, the Kings' other minority owners have 15 days to match the offer of $15.1-million.
Any of the team's other four minority owners has the right to match that bid in the next 15 days. If one matches the bid, he has priority to buy the shares.
Looks like Mayor KJ has a lot to deal with these days... and that's how he'd like it...
Here's an extended interview on all these updates... it's raw video, so it won't have the expected clean editing...
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