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Hansen tried to block Sacramento arena
Posted By HOOPSWORLD On August 17, 2013 @ 12:10 am In Wirenews | Comments Disabled
by Sam Amick, USA TODAY Sports
Seattle’s fight for the Sacramento Kings wasn’t over after all.
Seattle-based hedge fund manager Chris Hansen, who tried and failed to buy the Kings and relocate them to the Emerald City earlier this year, was revealed as the private investor in an anti-arena effort in Sacramento on Friday by California’s Fair Political Practices Commission. The organization sued the law firm Loeb & Loeb on Thursday in an attempt to force them to disclose whose $80,000 had been spent to gather signatures that could have derailed the city’s arena effort that is required to keep the Kings.
According to Gary Winuk, chief of the enforcement division for the FPPC, Hansen donated $100,000 to gather the signatures necessary to put the arena to a vote because of the $258 million in public subsidy. If the effort was successful and the arena wasn’t built by the NBA’s required completion timeline (reportedly 2017), then new owner Vivek Ranadive and his group that bought the team for a league-record $535 million in mid-May would be at risk of losing the team and Seattle, conceivably, could be back in the mix.
When the announcement was formally announced, Winuk misspoke and pinned the charges on “Mark Hansen” instead of Chris.
“Pardon me, it was Chris Hansen, a Seattle — I need a re-do,” he stammered.
But Chris Hansen is clearly the one who needs a do-over here, as it appears his 12th hour, end-around attempt was doomed from the start because of the lay of this land. His involvement was bound to be exposed so long as groups like the FPPC make it their business to inform the public of the motive behind the money, and he’ll now play the part of villain in Sacramento like never before.
“This, to us, is a glaring example of an at best negligent, and at worst purposeful deceptive behavior that was aimed at depriving the Sacramento public with knowledge it’s entitled to about who is funding campaigns,” Winuk said. “Chris Hansen and Loeb & Loeb are sophisticated parties, (and) they clearly should have known that disclosure was required in this case, so while again we’re … [For more on Seattle's Chris Hansen tried to block Sacramento arena, click here.]
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