Comments on: Kings ownership documents reveal major potential stumbling blocks for Seattle

By: marc8564

marc8564 — Sun, 31 Mar 2013 21:47:07 +0000

No doubt that KJ is a great leader with a lot of self agenda in his heart ?
KJ really cares about KJ. I said that because if one really cares about
their city, one would do anything for what is best for that beloved
city.
The one example of this is the negotiations for the binding agreement between
The city of Sacramento and the arena investors. The negotiations took weeks
to be settled which usually means that the two groups are that far apart from getting
a deal done.
Finally that Sunday, after weeks of negotiations the city and the investors reached
an agreement.
This is what both parties had agreed.
The city of Sacramento will come up with $ 258 million in contribution , while the supposedly
very wealth wales will contribute $ 190 million for this arena deal, what a great deal for the
investors and a desperation move for the city of Sacramento.
I guess when you want something bad enough, you’ll try to get it anyway possible way necessary
even if you have to sell out your (mother) in this case your beloved city of Sacramento.

Reading the binding agreement between the city and the investors made me scratch my head in
disbelief in how this deal has a lot of holes for the taxpayers to be worried about ? numbers don’t lie
Next time be very careful in who you put in a pedestal ?
Sometimes a persons put up appearance is not who they really are.

By: mitchy39

mitchy39 — Thu, 07 Feb 2013 07:38:34 +0000

You are lucky to have a mayor like KJ. If we had someone like him 5 or 6 years ago we would never had lost the Sonics. The mayor and city leaders gave up at the last minute when it looked like the judge was going to uphold the lease agreement. Also in Seattle we had idiot groups like “Citizens for more important things” that devalued sports teams and said they offered no civic or cultural value. These are the same people that just a few weeks ago were cheering for the Seahawks in the playoffs.
Originally I was holding out for expansion because I didn’t want to do to Sacramento what OKC did to us, but I really want a team back and I don’t want to wait any longer. I’m sorry but the deal is done and the kings are going to be the Sonics next season. You can drive the 10 or 11 hours up to Seattle next year to watch a game…that’s what I’m doing on April 17, driving 10 to 11 hours down to Sacramento to watch the last kings game. There will be many Sonics fans down there. Surprised how many tickets are still available for that game.
PS…you can drive a little over an hour to go see an NBA game in Oakland, we never had it that easy, it is 3 hours to Portland.
You will get a team back! We did!

By: kjfan

kjfan — Wed, 06 Feb 2013 21:37:08 +0000

Don’t spit up in the air, it comes back in your face!

By: kjfan

kjfan — Wed, 06 Feb 2013 21:23:35 +0000

alot of people claim to be from sacramento but actually from seattle. you can claim your from Sacramento but i seriously doubt that. I’ve been to blogs for an example Sacramento Bee and Komo News , this person shows up at Sacramento Blog and types all sorts of negitive stuff about the mayor , arena deal , what ever it is. Same person name Common Sense. who is from seattle. Sacramento is use to reading these types of comment. I know your not from Sacramento , your more like common sense from seattle claiming to be from Sacramento. an impostor. the Majority does NOT resent the Mayor , infact he was voted into office Twice! how can anyone do such a terrible job get voted agian as mayor. how do you do nothing and become mayor agian.

By: liddogg33

liddogg33 — Wed, 06 Feb 2013 20:46:25 +0000

truth be told the city of sacremento cant tie the city of seattles shoes!!! You should have sold more cows or chickens or bailed more hay or did whatever it is you farmers do to attend more basketball games. Hansen and Balmer have enough money to pay the best lawyers in the united states to take a week long vacation to do nothing but review the binding purchase and sale agreement.. So funny how kevin johnson thinks he has whales when balmer and hansen pay more in taxed anuualy then these “whales” make in a year.. We have a better city, a better arena, better owners, and truthfully better fans.. Games over no matter what hillbilly reporter from Sacremento writes!!! Ill be in the Key arena watching demarcus cousins and the boys play the 2013-14 Season in SEATTLE!!!!!

By: kjfan

kjfan — Wed, 06 Feb 2013 15:55:53 +0000

I’ll answer that because Sacramento is my Hometown. never ever that i can think of , ever had a Mayor like Kevin Johnson he is an inspiration and a great leader. I honestly believe if Sacramento would of had another Mayor in Sacramento. The Kings would Have been gone by now years ago. because of Mayor Johnson Leadership Sacramento can look forward to better days. he is not the type to sit on his hands and do nothing at all. he is no quitter. he understands the importance of Jobs and business and revenues. Mayoral responsibilities ? this is his second term in office and i would vote for him agian and agian. I don’t remember any Mayor with the leadership Kevin Johnson has. that’s saying alot about our Mayor. he is a local Hero to the community. Sacramento is very lucky to have him. very lucky.

By: kjfan

kjfan — Wed, 06 Feb 2013 15:37:34 +0000

is this your first time Maloofed.

By: kjfan

kjfan — Wed, 06 Feb 2013 15:32:07 +0000

well said. we love the Sacramento Kings.

By: kjfan

kjfan — Wed, 06 Feb 2013 15:24:45 +0000

reminds me of Sacramento and Orange county. now we got Seattle in front of us. Kings Fans are use to it.

By: kjfan

kjfan — Wed, 06 Feb 2013 15:15:35 +0000

Kings Fan. Sacramento is going all in on this one. I hope seattle does get a team , just not this one. Hopefully the NBA can make it it right for both cities. I honestly believe Seattle deserves a Team but so does Sacramento. Sacramento has dealt with so many cities trying to take our only major sport , and now we have seattle in front of us. we love our Sacramento kings just like you loved the sonics. Sacramento is going to give it it’s all , it’s all! we are going to fight for our Kings. sorry seattle lost their team. but we can not lose ours. we just can’t. so Sacramento has no choice but to go all in on this one. Majority of Kings Fans want to see Seattle with a NBA team but we are fighting to keep our own. It’s to hard to imagine Kings playing elsewhere , Sacramento is home of the Kings.

By: coachglove

coachglove — Wed, 06 Feb 2013 06:28:24 +0000

If lawyers get involved, the team won’t move. A judge would surely grant an injunction saying the city would be irreparably harmed by a move given the team owes the city money. The length of the legal process alone would greatly inhibit a move.

It is possible you could consider the team property, but only if you believe that the team can be separated from the partnership, whose sole purpose was to control the team. You can’t sell the team without selling the shares in the partnership that own the team (same as shares of stock – you’d have to make the argument that GE is property of the shareholders, when in reality the shares are the only property of the shareholders and those shares come with rights). So, there is no “Sacramento Kings” as far as a legal entity…the entity is the “Sacramento Kings Partnership” (whatever the official name is…) and selling that is accomplished by selling shares in the partnership to people who then control the brand name “Sacramento Kings”. The Section 5 language is to keep the 65% interest from moving the Sacramento Kings, which in and of itself, does not include a sale of any shares in the partnership.

Rights of 1st refusal are almost always upheld in these cases.

By: stylesac7

stylesac7 — Wed, 06 Feb 2013 06:20:02 +0000

not what matters here at all, but I want to say it anyways:
28×2= 56, not 41

By: lyndseymarieee

lyndseymarieee — Wed, 06 Feb 2013 01:31:01 +0000

All of this sounds a lot like the conversations happening between people of OKC and people of Seattle after the Sonics moved and became the Thunder…

By: Corey Jeppesen

Corey Jeppesen — Tue, 05 Feb 2013 23:42:54 +0000

KJ does seem to be putting a lot of time and effort into this. What about other mayoral responsibilities?

By: dbara43

dbara43 — Tue, 05 Feb 2013 21:33:17 +0000

Everyone is forgetting that the “Purchase and Sale Agreement” is with Hansen and Balmer, not anybody in Sacramento. It doesn’t matter if the Desert Princess comes up with another group that can “match” Seattle’s offer, they don’t have a contract. Stern cannot void a legal contract unless he wants to expose himself and the league to a multi-million dollar lawsuit which would certainly result. The NBA will only vote on the contract itself, not anything else.

By: dbara43

dbara43 — Tue, 05 Feb 2013 21:29:01 +0000

Yeah really, WHAT SACRAMENTO FANS? You’re last in the league in attendance.

By: gls24

gls24 — Tue, 05 Feb 2013 21:03:04 +0000

I don’t recall ANYONE here in Sacramento feeling bad about poaching the Kings from KC. The world’s most traveled franchise continues their nomadic trek through life.

And yes, I am a longtime Sacramento resident . . . who by the way resents the Mayor doing NOTHING but work for the Kings.

By: stylesac7

stylesac7 — Tue, 05 Feb 2013 19:20:20 +0000

Just remember that not all of us sac-townians speak out of ignorance.

I think this goes either of these two ways:

1) We Kings fans are not able to realize what the Sonics were to Seattle, just as you Sonics fans are not able to realize what the Kings are to Sacramento.

2) Whether they know it or not, both groups of fans realize perfectly clearly what the Kings and Sonics are/were to their respective cities because walking in the others’ shoes would feel pretty damn familiar.

I think the second comes closer.

I’m getting past the stage of wanting to feel so bitter towards Seattle because I always knew that emotion wasn’t directed the right way. But if the kings stay, I’ll run back and forth across the country until I have a forrest gump beard, and then I’ll go to a kings game and be grateful, whether the team is a contender or barely watchable.

By: stylesac7

stylesac7 — Tue, 05 Feb 2013 19:03:55 +0000

If you were wondering whether or not Sacramento wants a team “that badly”, you don’t have to wonder anymore. We do want a team “that badly”. We want our team “that badly”. Happy to settle that for you. Seattle shouldn’t have gone through what it did, and believing we shouldn’t either isn’t selfish. Seattle deserves their team back, you’re right. But we tend to care about that less when it would mean losing our team. Could you blame us?

By: sponedal2013

sponedal2013 — Tue, 05 Feb 2013 18:32:17 +0000

You must not be familiar with the Maloofs, they couldn’t interpret a contract even if it had pictures to go along with it.

They probably just told Hansen “oh yeah we have it covered”.

By: alexanderckim

alexanderckim — Tue, 05 Feb 2013 17:43:00 +0000

DID YOU NOT JUST READ THE EFFING ARTICLE? The writers go into depth (actually its the entire substance of the article), why this deal MIGHT be held up…

Legality my friend, laws, rules. Maloofery

By: mustardtigers

mustardtigers — Tue, 05 Feb 2013 17:26:35 +0000

It appears the Seattle group is buying the team from the partnership group. Therefore, they are not buying the Maloof’s interest in the partnership, which the right of first refusal applies to. Since the Maloof’s control greater than 65% of the partnership they have the right to sell partnership property (the team, arena, etc.).

By: Corey Jeppesen

Corey Jeppesen — Tue, 05 Feb 2013 16:50:54 +0000

This is stupid. Owners have already said who they want to sell to. Why can’t it just be that easy!

By: mazblast

mazblast — Tue, 05 Feb 2013 16:25:05 +0000

It wouldn’t surprise me if their lawyers barely looked at it while charging hundreds of “billable hours” and gave the client the answer the client wanted. Happens all the time.

By: benihanagt

benihanagt — Tue, 05 Feb 2013 15:43:13 +0000

Ahh….the unbiased, no agenda having comments from a “national writer” who just so happens to live in Sacramento. How great of you to uncover the legalize in these documents, I’m sure the Hansen/Ballmer group just skimmed this and called it good, didn’t even have their lawyers take a peek. This will hit them out of nowhere and derail all of their plans.

By: sw19womble

sw19womble — Tue, 05 Feb 2013 15:18:52 +0000

Good news! Greg Jamison was spotted boarding a plane from Phoenix to Sacramento!

By: sw19womble

sw19womble — Tue, 05 Feb 2013 15:16:45 +0000

Grizzlies belong up in the Pacific Northwest anyway.

By: cbt22

cbt22 — Tue, 05 Feb 2013 14:38:49 +0000

brianspider you are probably just trolling but you do realize it isn’t Seattle’s fault if they get the kings. It also isn’t Seattle’s fault they had the Sonics stolen from them as it is not Sactowns fault if they lose the Kings. It is the system and they are getting screwed because owners feel that money is more important then the fans that made them the money in the first place. I am not sure if you are a bitter Sactown fan but there isn’t anything fan bases can really do to stop a team from moving once the owners get dollar signs in their eyes.

By: mrlaloosh

mrlaloosh — Tue, 05 Feb 2013 13:53:27 +0000

They should name them the Seattle Pilots.

By: giantssb42champs

giantssb42champs — Tue, 05 Feb 2013 13:05:14 +0000

You lost me at “hipsters in Seattle”.