Sacramento Kings: Seattle group negotiating with Maloofs to buy team
USA Today reports the group, led by Microsoft chairman Steve Ballmer and hedge fund manager Chris Hansen, is confident the deal will eventually get done. An anonymous source claims that should the deal go through, the Maloofs may retain a small stake in the team, which would be renamed the Sonics.
The Kings first came to Sacramento in 1985 after moving from Kansas City. Seattle has been without an NBA franchise since the SuperSonics left for Oklahoma City and were renamed the Thunder following the 2007-2008 season.
Sacramento mayor Kevin Johnson hasn't given up yet, tweeting, "we've been here before...fight on Sacramento! #keepthefaith."