Vivek Ranadivé expects a Kings purchase deal by the end of the week

The next owner of the Sacramento Kings expects to reach a deal in the next few days. Lawyers for the two sides exchanged documents on Wednesday.

By Str Archive | 0 Comments | Feb 23, 2019

This report from The Bee is, thus, encouraging.

David Stern said on Wednesday that all of the money the Maloofs will be getting ($200 million, which is the 65 percent of the $525 million valuation minus the city loan and NBA loan) plus $40 million in operating funds is in escrow. That should help speed up a process it seems everyone wants to move quickly.

Stay tuned.

The Kings Herald Newsletter

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