More rumbles about the Sacramento Kings moving to Anaheim

Actually, it could be more than that. No final decision has been made, but the Maloof brothers apparently have met with representatives of the Honda Center (presumably that includes billionaire Henry Samueli) about making the move in time for next season. The Maloofs have been struggling for years to get a new arena built in Sacramento. From ESPN:

Among the issues that could dissuade the Kings from making the relocation request before next season's deadline in 10 days are the millions still owed by the Maloofs to the city of Sacramento in loans and the behind-the-scenes resistance they could potentially receive from the Lakers and Los Angeles Clippers. The Kings would likely need favorable loan and lease terms in Anaheim to mitigate those financial obligations and the franchise might still face opposition from the Lakers and Clippers. Although those teams would only have one vote each -- and despite the fact franchise relocations in the NBA only require a 15-14 majority vote for approval from the league's other 29 teams -- it's certainly conceivable the Staples Center co-tenants would band together to try to rally support from other teams to oppose to a third NBA franchise moving into a building that sits roughly 30 miles away.

A Sacramento radio station reported last month that Samueli, who owns the Ducks, has offered to loan the Maloofs $100 million to pay off various debts and fees.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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