FanShot

New arena complication - Maloofs' loan clause

120

KCRA 3 obtained a document detailing the loan for the $65 million the Kings still owe the city. According to the city treasurer, a paragraph titled, "New Arena Right," says if the city builds a new arena without the Kings as the prime user, then the Maloofs have the "right to terminate" the outstanding debt "without any further obligations." "It's our understanding that if we weren't the tenant, we would be out of our obligation with the city," said Kings owner George Maloof. When asked if the document makes an arena without the Kings as tenants impossible, Johnson said he wasn't sure but that city staff would be working to determine an answer over the next couple weeks.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Sactown Royalty

You must be a member of Sactown Royalty to participate.

We have our own Community Guidelines at Sactown Royalty. You should read them.

Join Sactown Royalty

You must be a member of Sactown Royalty to participate.

We have our own Community Guidelines at Sactown Royalty. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker