NBA says the March 1st deadline will not be extended
A spokesman for the National Basketball Association has told an Orange County Register sports reporter that unless the City of Sacramento has a financing plan that will produce a new arena for the...
View ArticleThe Seattle situation makes the Kings prospects that much more unclear
Developments over the past weekend have added yet another chapter into the ongoing Kings/arena/parking story, as it was announced that power brokers in Seattle have been working over the past eight...
View ArticleSources: Maloofs have to come up with $60 million in cash for new Sacramento...
The Sacramento Bee is reporting that multiple sources now say the Maloofs contributions to a new Sacramento arena would need to total $85 million to get the deal done; $60 million of that would have to...
View ArticleArena agreement reached between Johnson, Maloofs
A visibly emotional Gavin Maloof told reporters on Monday that he was glad it was finally coming to an end. Referring to the intense 3-days of negotiations presumably, as it appears now that Sacramento...
View ArticleArena details begin to trickle in
As news that the owners of the Sacramento Kings have agreed to a framework that would keep them from moving their team to another city continues to send shockwaves through the community, details of the...
View ArticleThe details of the arena term sheet that’s causing all the fuss
News broke on Thursday afternoon that the Kings don’t think they should have to pay $3,250,000 in pre-development fees for the proposed Downtown arena since they will only be tenants. However, the...
View ArticleGeorge Maloof basically calls Sacramento officials liars in Sports Illustrated
George Maloof was quoted in multiple news outlets on Friday, both local and national, seemingly in an attempt to snuff out the public firestorm that erupted after the news broke that the Kings...
View ArticleMaloof lawyers send damning letter to city officials
A lawyer working on behalf of the Maloof’s has sent a damning letter to city officials expressing multiple concerns about the feasibility of a Downtown arena project. In the 6-page memo, Scott Zolke...
View ArticleLet’s ride the arena wayback machine to familiar territory
Check out these quotes I grabbed from an article in the San Francisco Chronicle: “The (Maloof) brothers hotly dispute statements by public negotiators in the newly released documents that the Maloofs...
View ArticleKings lawyers bombard city clerk for information
Anyone else starting to get the feeling that maybe the Kings don’t want to be in Sacramento anymore? One of the Maloof brothers basically called KJ a liar last week, a six-page-memo released on Monday...
View ArticleLegal papers reveal Kings concerns with Downtown Railyards arena plan
By nearly all accounts, this week looks to be a pivotal moment in the ongoing Downtown Railyards arena saga. The owners of the Sacramento Kings, the Maloof brothers, will voice their concerns about the...
View ArticleMaloofs to make their grievances known today in New York
The Maloofs will articulate their lengthy concerns about the proposed Downtown arena today at the Board of Governors meeting in New York City, but already sources close to the parties involved are...
View ArticleLocal business leaders want Maloofs out of Sacramento
A group of local business leader met today near the site of the proposed Downtown arena to deliver the following message to the NBA: It’s time for the Maloofs to sell their stake in the Sacramento...
View ArticleKJ says negotiations are over
Sacramento Mayor Kevin Johnson has sent a letter to Maloof family that reaffirms that the city is done when it come to negotiations over the proposed Downtown arena. The letter, which was made...
View ArticleArena economist report: City finances in “dire” shape
Dr. Christopher Thornberg, one of California’s leading economic forecasters, presented the above report to the NBA Board of Governors in New York this week. If there is any question about his...
View ArticleWar of words begins new chapter in arena saga
The fallout from the collapse of the arena deal last week is spilling over into a war of the words between all parties involved, hinting that this divorce is going to be messy. Here’s some of the...
View ArticleJust when did the City know the Maloofs were worried about the arena deal?
Officials at the city would have you believe that the Maloofs waited until last Friday to air their problems with the arena deal for the first time. But a series of emails and documents obtained by...
View ArticleBloomberg: “Sacramento Is Fresh Victim of Bad Stadium Deals”
An new opinion piece on Bloomberg.com is a must-read for any arena skeptic in Sacramento. Titled “Sacramento Is Fresh Victim of Bad Stadium Deals”, it masterfully captures everything that worried this...
View ArticleArena public request round 2: Robbie Waters Edition
Former City Councilmember and Sheriff of Sacramento County Robbie Waters fired off a request to the City of Anaheim today for all documents regarding communications between that local government body...
View ArticleMaloof lawyers hire private investigator to look into arena weirdness
Loeb & Loeb, the law firm out of Southern-California that represents Maloof Sports and Entertainment, has hired a former-FBI-agent-turned-private-detective to investigate some strange dealings...
View ArticleEXCLUSIVE: Emails prove Maloof’s expressed major concerns about arena from...
If you were to simply believe the story that most in Sacramento do, that the Maloof’s agreed to one thing in Orlando back during the NBA All-Star game in regards to a new arena and then changed their...
View ArticleREPORT: Kings are moving to Virginia Beach, announcement coming on Wednesday
THIS IS A BREAKING NEWS UPDATE THIS STORY WILL BE UPDATED FOX 40 says that they have talked to officials in Virginia Beach and that the Kings will move to their city: The office of the Mayor of...
View ArticleBee: Think Big funded by KJ/Maloof scheme
The Sacramento Bee has uncovered a plan put forth by Sacramento Mayor Kevin Johnson to funnel hundreds of thousands of dollars from the Kings organization to Think Big, the “grassroots” effort that ran...
View ArticleVa. Beach has an arena plan, rumors of Kings involvement swirl
Construction of arena moves step closer Officials in Virginia Beach has laid out a plan to build an 18,500 seat arena using local and state tax dollars, along with Comcast, and are reportedly in talks...
View ArticleMaloof’s have until Monday to make up their minds about Virginia Beach
The owners of the Sacramento Kings have only one week to decide if they want to pursue plans to move their franchise to Virginia Beach, according to an announcement made today by Virginia Beach Mayor,...
View Article