The News Courier in Athens, Alabama

Sports

January 22, 2013

Maloofs agree to sell NBA's Kings to Seattle group

(Continued)

"I cannot stand idly by while a prominent out-of-state company that has significantly profited from business with the State of California actively attempts to acquire and remove one of my State and region's leading private assets," he wrote in the letter to Fred Klass, director of the state Department of General Services.

Johnson said recently he's heard from various parties interested in trying to put together an ownership group that would keep the team in Sacramento, but only with a new arena. He is expected to unveil more about his plans as early as Tuesday.

"We have always appreciated and treasured our ownership of the Kings and have had a great admiration for the fans and our team members. We would also like to thank Chris Hansen for his professionalism during our negotiation. Chris will be a great steward for the franchise," Kings co-owner Gavin Maloof said in a statement on behalf of the family.

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