FanPost

Interesting and Hopeful Twist in Sacramento Whales

The general consensus is that Burkle and Mastrov are the ones with the greatest chance of purchasing the Kings and keeping them in Sacramento. However, according to Fox sports director Jim Crandell, current 12-percent minority owner John Kehriotis is interested in purchasing the Kings.

Supposedly Crandell was on the Grant Napear show discussing this, but it appears that this bit of news isn't a point of discussion on the site. However, there is a good reason why it should be, and this is where it gets really interesting: Kehriotis has a plan to purchase the Kings and build a new arena all without city/county subsidy. In other words, he has a plan to do this with private money. Also, he reportedly "secured a 350 million commitment from investors and a verbal agreement for another 400 million."

As a minority owner, he has the advantage for the Right of First Refusal. However, you might be wondering how he can gain this kind of money/support. Of course this is pure speculation, but if the report is true (which it likely is), it may be safe to assume this: Kehriotis is from the bay area and so is Larry Ellison, who has previously shown interest in purchasing the Kings. And as we all know, he has the kind of money to make a move like this possible. Let me know what you think, because something like this can really turn the tide to Sacramento's favor.

Here's the link to the story below.

http://www.thenewstribune.com/2013/02/25/2490148/kings-blog-kings-minority-owner.html#storylink=cpy



(This is a FanPost from a member of the Sactown Royalty community. The views expressed come from the member, and not Sactown Royalty staff.)

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