Potential Kings Buyers Talking New Stadium?
Mark Mastrov, the founder of 24 Hour Fitness, met Monday in Sacramento with Mayor Kevin Johnson and local business leaders to discuss his interest in buying the Kings and keeping them in town. The meeting, held in an office overlooking the downtown railyard, instilled renewed confidence in area investors committing $1 million each to buy the Kings that their mission would be a success.
Meanwhile, billionaire Ron Burkl, another so-called “whale,” has made overtures of his own. Burkle met Thursday with NBA Commissioner David Stern to discuss his desire to anchor a potential Kings ownership group and to advocate for construction of a new arena at the Downtown Plaza site. Burkle met with Johnson in Sacramento last week.
Burkle and Mastrov are in serious discussions about partnering on a bid for the Kings and a plan to help finance a new downtown sports arena. While Burkle is focused on Downtown Plaza, the pair have not ruled out endorsing a previous plan to build a facility in the downtown railyard.