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Seattle Group Adds $75 Million to Kings Bid
Posted By HOOPSWORLD On May 10, 2013 @ 9:21 pm In Headlines,NBA Headlines | No Comments
The record bidding war for the Sacramento Kings has hit a new height as the two sides involved keep throwing in money to try to sway NBA owners.
Two weeks after a committee of owners voted to recommend the Kings stay in California, the investors trying to bring the team to Seattle fired a last salvo Friday. Chris Hansen, who leads the group, announced he was increasing his offer for 65 percent of the Kings from $358 million to $406 million. The increase in the total valuation of the team would go from $550 million under his previous offer to a stunning $625 million.
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