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USA Today: Seattle Group Negotiating to Buy Kings

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by Sam Amick, USA TODAY Sports

Published: 01/09/2013 06:23pm

The Seattle group led by hedge fund manager Chris Hansen and Microsoft chairman Steve Ballmer has made significant progress in negotiations to buy the Sacramento Kings and is confident a deal will eventually get done, according to a person who was briefed on the status of the negotiations.

The person spoke to USA TODAY Sports on the condition of anonymity because of the private nature of the talks between the Hansen-Ballmer group and the Maloof family that owns the team. If the deal is completed, the Maloofs – who have a history of backing out of deals that appeared to be done before - may retain a small percentage of ownership and the team would be called the Sonics.This deal is not done, however, and there are no immediate indications of a timeline for possible completion.
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