The Maloof family has agreed to sell the Kings to a Seattle group led by investor Chris Hansen, the league confirmed in a statement Monday morning.
WSJ: Sacramento Kings Moving to Seattle to Become Reborn SuperSonics
As newly crowned Khmer kings once did, a group of young boys is harnessing the unusual acoustics here by pounding their chests, a process thought to offer mental and physical purification.
About two weeks after rejecting a sales bid that would have had the team moving 750 miles north to Washington state, the NBA board of governors on Tuesday approved the Kings' sale to a local ownership group helmed by Vivek Ranadive.
He would have to sell his share in the Warriors if his group's bid for the Kings is successful.
If Hansen's group became limited partners in the Kings the sale would still need approval from the Board of Governors.
"The NBA received an executed Purchase and Sale Agreement for the transfer of a controlling interest in the Sacramento Kings from the Maloof family to an investor group led by Christopher Hansen, " the league said.
WSJ: Sacramento Kings Moving to Seattle to Become Reborn SuperSonics
But if the hoteliers flocking to the borough have their way, Kings County will soon swarm with a very different group of trendsetters: the ones wearing suits.
Until his recent conviction on 14 criminal charges, Raj Rajaratnam (who translates his name as "King of Kings"), the founder of the Galleon Group, epitomized professional and financial success.
Anschutz Entertainment Group, owner of the defending champion Los Angeles Kings, is not only paying fans up to 5% interest on their season ticket accounts.
For the second time in three years, Johnson will make a presentation to NBA owners in New York on Wednesday to keep the Kings from leaving California's capital city, complete with an ownership group ready to buy the team and a newly approved arena financing plan.
The girls in a group are divided into ten ''kraljevi'' (kings), who wear sabres and men s hats, and about five ''kraljice'' (queens), who wear white garlands on their heads like brides.
"The genius of this is taking land the city doesn't have the capacity to develop and giving it to the people who do, " said Mark Freidman, a local developer and member of Ranadive's group, who explained that the "public-private partnership" makes the entire Kings investment viable.
WSJ: Seattle and Sacramento Have a Tug of War Over the NBA's Kings
But this backup offer from Hansen's group would only come into play if the BOG denies the sale and move of the Kings to Seattle.
Of Middlesex's three Group A opponents, Victoria and Pretoria are also their respective national Twenty20 champions, but Super Kings lost to Rajasthan Royals in the first IPL final.
With Ranadive's group waiting in the wings, the NBA's relocation committee last month voted unanimously against allowing the Kings to move to Seattle.
WSJ: Seattle and Sacramento Have a Tug of War Over the NBA's Kings
On Monday morning, the Seattle Times reported that a Seattle group helmed by hedge-fund manager Chris Hansen and Microsoft CEO Steve Ballmer agreed to purchase the Sacramento Kings.
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