Can Billionaire Save Sacramento Kings?
Sacramento Kings minority owner Bob Cook told The Sacramento Bee today that he has asked a Bay Area sports attorney to broker a meeting between Larry Ellison, the third-richest man in America, and Sacramento Mayor Kevin Johnson in hopes of helping Johnson’s effort to find a buyer willing to keep the Sacramento Kings in town.
Ellison, if interested, would be the biggest whale yet. Forbes magazine places his net worth at an estimated $41 billion. He recently purchased the Hawaiian island of Lanai, which had been up for sale for a reported $500 million to $600 million.