I would have never thougth it possible, but i actually think the Maloofs are going to skip town without paying the loan. The Bee just posted a story that the city has just hired outside counsel (bond counsel) to advise the city on the potential fallout if the Kings default. As you may know, a city can NOT stiff purchasers of its bonds. Under the loan, if the Kings default, the team reclaims "ownership" of the Arena and land surrouding it (technically the city already owns it, but would transfer to Maloof's if they repay the loan) PLUS a $25 million interest in the Kings. So who might have $25 million lying around to buy out the city's interest? The a-hole trying to steal our team, (Samueli) that's who.
So the Maloof's get a $50M loan from Samueli (through the city of anaheim using its credit) to buy off the League and potentially the Lakers/Clips; stiff the city by giving it a worthless building/property in a crappy real estate economy, and Samueli gets his interest in the team by paying the city the $25M, which it will have to take because it has no other money to repay the bonds!
While Rome is burning, our city leaders allow the intereim city manager to quit, our Mayor and his PR hack to mouth off like school-children... and they JUST NOW decide maybe to hire some lawyers who know about this shit!
If David Stern signs off on the above, then i am going back to believing he rigged the Lottery (the Ewing lottery), rigged Game 6, and orchestrated this whole drama because God knows the Magoofs are too stupid to have cooked this up themselves.
(This is a FanPost from a member of the Sactown Royalty community. The views expressed come from the member, and not Sactown Royalty staff.)