The Sacramento Bee has broken the news that the Maloofs have agreed to sell their majority share of the team to the Sacramento group led by Vivek Ranadivé for $535 million. The official announcement will come tomorrow.
George Maloof gives one of his longest interviews in the past year to Bryan May, and two anti-arena groups reveal their plans to try to stop the development of a downtown Entertainment and Sports Complex.
Micky Arison, the owner of the Heat and CEO of Carnival Cruises, engaged with a Seattle fan through Twitter Direct Messages, apparently. And Arison defended his vote in favor of keeping the Kings in Sacramento.
The Sacramento Bee is reporting that the Sacramento group led by Vivek Ranadivé is being encouraged by the NBA to place the full $341 million into escrow in order to persuade the Maloof family to sign a deal with them.