Updated: January 21, 2013, 6:20 pm ET

NBA Confirms Sacramento Kings’ Sale

By HOOPSWORLD
Basketball News & NBA Rumors

The National Basketball Association has issued the following statement regarding the proposed sale of the Sacramento Kings:

“The NBA received an executed Purchase and Sale Agreement for the transfer of a controlling interest in the Sacramento Kings from the Maloof family to an investor group led by Christopher Hansen. The proposed transaction is subject to the approval of the NBA Board of Governors and has been referred to the Board’s committee process for review.”

via NBA.com

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