NBA’s Kings in Talks About Sale, Move to Seattle, Bee Reports

The Sacramento Kings are in talks with a group led by investor Chris Hansen about a possible sale and relocation to Seattle, the Sacramento Bee reported.

No formal offer has been extended to the Maloof family, which owns the National Basketball Association team, the newspaper said, citing sources it didn’t identify.

Hansen, founder of San Francisco-based Valiant Capital Management, has put together a group including Microsoft Corp. Chief Executive Officer Steve Ballmer that’s willing to finance a new arena in Seattle, the Bee reported.

Seattle has been without an NBA team since the SuperSonics ended their 41-year stay by moving to Oklahoma City and becoming the Thunder in 2008-09.

To contact the reporter on this story: Dex McLuskey in Dallas at dmcluskey@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net.

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