Quote:
Originally Posted by NikeFutbolero
If you think this is an attempt to save face by KJ then you're an uninformed idiot. The only reason the Kings aren't in Anaheim right now is because of KJ. KJ has done absolutely everything he can and is continuing to do so, to save the Kings.
Inform yourself before making asinine comments.
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Yeah, what do I know? This story speaks volumes about what I already
knew. Who sounds asinine now? Oh, and if you believe KJ saved the Kings
from going to Anaheim, you read and believe to much local media. The NBA
intervened because the Lakers were not going to allow another NBA team
into the LA market… it was all about the Lakers' TV revenue, it’s that simple.
Jerry Buss pressed other owners to reject the Maloofs' relocation bid where
Buss would stand to lose $500 million in TV revenue over 20 year if the
relocation were to happen.
Stern: Sacramento group's bid to buy Kings doesn't measure up
By Tony Bizjak, Dale Kasler and Ryan Lillis
tbizjak@sacbee.com
Published: Friday, Mar. 8, 2013 - 7:26 pm
Last Modified: Saturday, Mar. 9, 2013 - 7:42 pm
OAKLAND – Last week, a triumphant Sacramento Mayor Kevin Johnson announced a potential Kings purchase group had submitted a fair and competitive offer to keep the team in town. Friday night, NBA Commissioner David Stern said no, not quite.
Speaking to the news media before a Golden State Warriors game in Oakland, the commissioner delivered a bombshell, saying a Sacramento group's counteroffer to buy the team does not measure up in dollars to a tentative deal the Kings recently signed with a group that hopes to move the team to Seattle.
"The counter bid has got very strong financial people behind it, but it is not quite there in comparison to the Seattle bid," Stern said. "There is a substantial variance."
Read more here:
http://www.sacbee.com/2013/03/08/524...#storylink=cpy