New Sacramento Arena Deal Now Dead

[MR.ballin]

RealGM

Sacramento mayor Kevin Johnson said a potential deal between the city and the Maloof family is dead.

The two sides ended two days of discussions over financing of a new arena.

The Maloof family recently backed out of a tentative $391 million deal.

"I'm disappointed for Sacramento," Johnson said. "When you do all that you can, normally the reward is a victory, and I think our community was planning to win."

"We know this door is closed," Johnson told the Sacramento Bee.

Sacramento will shift to "Plan B", which involves seeking a new arena without the Kings.

"The Kings will continue the operations of the organization and building on the franchise's young nucleus of players," Maloof spokesman Eric Rose said in a statement.

 

[A.E]

I don't think the Kings are going anywhere. They had a deal in place to build in Anaheim before this season but it was blocked and I think the ship has sailed. The Maloofs owe money all over the freaking place; not to mention $10M from a loan given to them by the city of Sacramento. Honestly...the Kings would be so much better off with a new ownership group.

 

[jonathanlambert33]

I kind of agree. I think if the Kings were going to leave Sac they would have already.

 

[Pugz]

ive been saying the team would be better off with a new ownership for a few years now. the maloofs suck.

 

[jonathanlambert33]

Indeed.