There is a good chance that trustee David Flemmer will move up the date for when a seven-percent stake in the Sacramento Kings will be auctioned off. The minor stake in the team could be a deciding factor for if the Kings do end up getting moved to Seattle this summer or stay in Sacramento.
The auction for the seven-percent stake is supposed to take place in April and be finalized in May. However, if Flemmer is successfully able to move the date closer, then it could have an overwhelming impact in the sale of the team. According to Flemmer’s lawyer, Donald Fitzergald, the person who buys the minor stake could challenge the offer that Chris Hansen and Steve Ballmer, the main men involved in bringing the Kings to Seattle, have given the Maloof family. This means that the specific individual could match the offer and take control of the Kings.
“There’s lots of activity,” Fitzergald said in court. “It’s a little like a water polo game. Things are calm on the surface but there’s a lot going on underneath.”
Sacramento mayor Kevin Johnson is determined to put in a counteroffer to keep the Kings in town instead of allowing the Maloof family to sell to a group of buyers who plan on renaming the team and moving them to Seattle, a city that was robbed of their own NBA franchise in 2008. Obviously, with the latest news on this seven-percent stake, Johnson’s dream of keeping the team in California could become a reality.
However, the fact that the Maloof family has already agreed to a deal with the Seattle ownership group does not bode well for Johnson and the city of Sacramento. Hansen and Ballmer clearly have a game plan to move the Kings to Seattle and in their eyes, they have every right to move forward with this thought process because the Maloofs have the agreement already in place.
The NBA will vote in April on the proposal for the team and if the deal goes through, then there is no stopping the Kings from being relocated.