What is Ron Burkle's motivation for pursuing Kings?

The Bev Hills billionaire met with Sacramento Mayor Kevin Johnson in L.A. earlier this week, according to Sports Illustrated's Sam Amick, which could be another proactive step in trying to keep the NBA Kings from moving to Anaheim. Never mind that the current owners, the Maloofs, have shown no interest in putting the franchise on the market. So what's up with Burkle? Might his connections with the Lakers have anything to do with his interest in keeping the team up north? From Amick:

Conspiracy theories abound about his involvement here, and it is indisputable that he has ties to the Lakers that certainly make it a curious situation considering the well-chronicled private protests from team owner Jerry Buss. Beyond being a Lakers season-ticket holder, it's a matter of public record that Burkle has done significant business deals with the most famous Lakers player of them all. Just two months ago, Magic Johnson and Burkle reportedly made an eight-figure investment into Vibe Holdings (the parent company of Vibe Magazine and television show Soul Train, according to the Wall Street Journal).

Burkle is not doing this as a favor to Magic - the guy simply doesn't operate that way. More likely, he's intrigued with the idea of owning an NBA franchise - as he's intrigued with owning lots of things - and staying in Sacramento would just happen to be a good thing for the Lakers.

The Maloofs wanted Anaheim to come to fruition, but they eventually realized the deal, which included significant contributions from Anaheim Ducks owner Henry Samueli, simply became too complicated. The perceived pot of gold that was the television revenues hasn't been there. A source close to the situation continues to indicate that there is no deal with the Fox Sports West outlet that so many assumed would be cutting that check. A source close to the Maloofs says a final decision should come by Friday, but this Sacramento saga has had more than enough twists and turns already to teach us to be cautious with proclaiming absolutes. The original April 18 deadline to file for relocation was extended twice and now sits at May 2, with a majority vote by league owners needed to approve any move.

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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
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