Aug 16, 2013, 11:01 PM EDT
When the NBA owners voted against relocating the Kings from Sacramento to Seattle back in May, that effectively ended the pursuit to purchase the team by a Seattle-based ownership group led by Chris Hansen.
Even after the battle was officially over, however, Hansen chose to keep fighting.
From Sam Amick of USA Today:
Seattle-based hedge fund manager Chris Hansen, who tried and failed to buy the Kings and relocate them to the Emerald City earlier this year, was revealed as the private investor in an anti-arena effort in Sacramento on Friday by California’s Fair Political Practices Commission. The organization sued the law firm Loeb & Loeb on Thursday in an attempt to force them to disclose whose $80,000 had been spent to gather signatures that could have derailed the city’s arena effort that is required to keep the Kings.
According to Gary Winuk, chief of the enforcement division for the FPPC, Hansen donated $100,000 to gather the signatures necessary to put the arena to a vote because of the $258 million in public subsidy. If the effort was successful and the arena wasn’t built by the NBA’s required completion timeline (reportedly 2017), then new owner Vivek Ranadive and his group that bought the team for a league-record $535 million in mid-May would be at risk of losing the team and Seattle, conceivably, could be back in the mix.
It was a long shot to say the least, and an underhanded play to leave the door open ever so slightly for Seattle to remain in the mix, despite the fact that so much would need to happen over the next few years in terms of a failure to build a new arena in Sacramento for the NBA to even consider relocating the Kings once again.
Hansen released a statement, of course, apologizing for his actions while trying to distance the ownership group from what he called a personal decision.
I have not agreed to provide any further political contributions and do not intend to make any further contributions.
I would also just point out that the contribution was made in my personal capacity and not on behalf of our ownership group or my partners. In fact, I have never discussed the contribution with them to date.
While I’m sure everyone can appreciate how easy it is to get caught up the heat of battle, with the benefit of hindsight, this is clearly a decision I regret. I wish the city of Sacramento and Kings fans the best in their efforts and they have my commitment not to have any involvement in their arena efforts in the future.
The question now becomes just how much this will hurt Seattle’s chances of gaining an NBA franchise in the future. It would seem, at the very least, that the city would need to find a new leader, or perhaps even a new ownership group to head up these efforts if it wants to appeal to the league’s sensibilities.
Jul 26, 2014, 1:00 PM EDT
Looks like tons of fun.
Jul 26, 2014, 11:30 AM EDT
The way the Kings handled this lets them keep Quincy Acy.
Jul 26, 2014, 10:14 AM EDT
With trade talks ongoing, Love can’t afford to risk injury.
Jul 26, 2014, 9:30 AM EDT
Making sure Kobe Bryant is happy in his final two seasons in Los Angeles seems to be at the top of the list.
Jul 26, 2014, 8:00 AM EDT
Harden seems to backtrack a bit on comments Chandler Parsons took offense to.
Jul 26, 2014, 12:01 AM EDT
Players asked Adam Silver for for an extended break when he first took office. He seems to be listening.
Jul 25, 2014, 10:46 PM EDT
Anthony reportedly strongly considered the Lakers too, but he says that wasn’t really the case.
Jul 25, 2014, 9:45 PM EDT
The union for the players continues to struggle to get some competent leadership in place.
Jul 25, 2014, 8:45 PM EDT
Come on, son.
Jul 25, 2014, 7:45 PM EDT
Joakim Noah continues to be brutally honest when speaking about his team’s competition.
Jul 25, 2014, 6:46 PM EDT
The Andrew Wiggins spin and dunk is a thing of beauty.
Jul 25, 2014, 5:59 PM EDT
Casspi ends up back with the Kings on a minimum salary deal.
Jul 25, 2014, 5:14 PM EDT
He is a solid backup to have while Dennis Schroder develops.
Jul 25, 2014, 4:30 PM EDT
Magic rookie shows off handles
Jul 25, 2014, 3:44 PM EDT
Will Cherry was fun to watch at Las Vegas Summer League.
Jul 25, 2014, 3:05 PM EDT
George Karl is a better coach than Byron Scott
Jul 25, 2014, 2:22 PM EDT
Finally. Job has been vacant since April 30.
Jul 25, 2014, 1:44 PM EDT
Knicks’ record last season: 37-45
Melo’s contract value: $124,064,681
Jul 25, 2014, 1:11 PM EDT
Bulls also must make room for Nikola Mirotic in frontcourt
Jul 25, 2014, 12:30 PM EDT
Dirk Nowitzki presents a big strike zone.
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