NBA Kings Set for Move to Seattle After Sale to Hansen
This article is for subscribers only.
The Sacramento Kings are set to move to Seattle at the conclusion of a sale that’s said to value the team at a National Basketball Association-record $525 million.
“We’ve entered a binding agreement with the Maloofs to purchase a controlling interest of the Sacramento Kings,” Chris Hansen, the leader of a group that also includes Microsoft Corp. Chief Executive Officer Steve Ballmer, said in a statement.