Saturday, May 18, 2013
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Burkle meets with Stern in latest pursuit of Kings

SACRAMENTO — Billionaire Ron Burkle has taken his interest in the Sacramento Kings all the way to the top.

Burkle met with NBA Commissioner David Stern for two hours at the league’s New York headquarters Thursday, NBA spokesman Tim Frank confirmed Friday. No other details of the meeting were given.

USA Today first reported the meeting Friday.

A person familiar with the situation told The Associated Press earlier this week that Burkle, a Southern California-based businessman and co-owner of the NHL’s Pittsburgh Penguins, was in “serious talks” with 24 Hour Fitness founder Mark Mastrov to collaborate on a counteroffer for the Kings. The person spoke on condition of anonymity because of the private nature of the discussions.

The Maloof family already has a signed agreement to sell the Kings to a group that includes hedge-fund manager Chris Hansen and Microsoft Chief Executive Steve Ballmer, who intend to move the franchise to Seattle and restore the SuperSonics name. The NBA Board of Governors must approve any sale.

Sacramento Mayor Kevin Johnson is doing his best to block the move.

Johnson, a former NBA All-Star, will get a chance to present a bid to NBA owners that will keep the team in California’s capital city — with a plan to help finance a new downtown arena. Earlier this week, the mayor introduced 20 investors who have pledged at least $1 million each to be minority investors in the team. Johnson said he hopes to secure the heavy-hitters who will anchor the plan and produce a “fair and competitive offer” by next week.

Burkle expressed interests in buying the Kings two years ago, when Johnson convinced league owners to give his city another shot at financing a new arena when the franchise was exploring a move to Anaheim. Mastrov was among the final bidders for the Golden State Warriors before Joe Lacob and Peter Guber bought the team for an NBA-record $450 million in 2010.

The Maloof family has a pending purchase agreement that will give the Hansen-Ballmer group a 65 percent controlling interests in the franchise, which has a total valuation of $525 million, and move the team to Seattle and restore the SuperSonics name, another person familiar with the decision said earlier this week. That means the group will pay a little more than $340 million.

The person spoke on condition of anonymity because the deal is waiting to be approved. Hansen’s group also is hoping to buy out other minority investors.

The main stipulation Johnson is counting on is that the Maloofs are still allowed to receive other offers until the league approves the sale, which the mayor expects to take until at least April, when owners meet in New York. The deadline for teams to file for relocation for next season is March 1, though that has been extended the last two years for the Kings.

NBA owners also can approve the sale at any time once the vetting process is complete.

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

Lake Berryessa has activities amid transition

By Barry Eberling | From Page: A1, 2 Comments | Gallery

 
Solano unemployment rate drops

By Barry Eberling | From Page: A1

Epps, longtime resident, businessman, dies

By Barry Eberling | From Page: A1, 3 Comments

 
 
Accused goat abuser posts bail

By Jess Sullivan | From Page: A3

 
Purchase of 15 new police vehicles up for vote

By Danny Bernardini | From Page: A3

Commission looking to honor youth-friendly businesses

By Danny Bernardini | From Page: A3

 
Vaca Pena eighth-graders tackle adult finances

By Barry Eberling | From Page: A3

Senior caregiving workshop on tap for June

By Susan Winlow | From Page: A4

 
Daily Republic seeks good news for column

By Daily Republic staff | From Page: A4, 2 Comments

Safe Routes to School summit set Thursday

By Barry Eberling | From Page: A4, 1 Comment

 
 
Mom proud to see last Eagle Scout fly the coop

By Heather Ah San | From Page: B10 | Gallery

 
Weather for Saturday, May 18, 2013

By Daily Republic staff | From Page: B11

 
.

US / World

GOP hopes IRS scandal will snag health care law

By The Associated Press | From Page: A1, 1 Comment

 
The IRS and its tea party tempest

By The Associated Press | From Page: A1

Treasury officials told of IRS probe in June 2012

By The Associated Press | From Page: A1

 
Mourners gather to remember Malcolm X’s grandson

By The Associated Press | From Page: A4 | Gallery

UC elective surgeries canceled as strike looms

By The Associated Press | From Page: A4

 
Calif. AG meets with new task force on guns

By The Associated Press | From Page: A4, 1 Comment | Gallery

Analyst pegs revenue $3.2B higher than Gov. Brown

By The Associated Press | From Page: A5

 
Navy pilot earns degree in combat zone

By The Associated Press | From Page: A5 | Gallery

Marine, dog reunited in surprise ceremony

By The Associated Press | From Page: A6

 
Hagel orders review of sex-abuse prevention

By The Associated Press | From Page: A6 | Gallery

‘American Idol’ finale draws record low ratings

By The Associated Press | From Page: A7

 
Conn. commuter trains collide; 60 go to hospitals

By The Associated Press | From Page: A9

Feds: More time needed to indict Tsarnaev

By The Associated Press | From Page: A10

 
Failing Ga. student accused of faking kidnapping

By The Associated Press | From Page: A10

OJ’s ex-lawyer contradicts his testimony on guns

By The Associated Press | From Page: A10

 
‘Mother’s instincts’: NM woman chased abductor

By The Associated Press | From Page: A10, 1 Comment | Gallery

Bombs kill 9 inside elite Afghan housing complex

By The Associated Press | From Page: A11

 
Bombs targeting Sunnis kill at least 76 in Iraq

By The Associated Press | From Page: A11

Venezuela’s military enters high-crime slums

By The Associated Press | From Page: A11 | Gallery

 
Canada abuzz over purported crack video of mayor

By The Associated Press | From Page: A11

.

Opinion

OK to disagree with VA decisions

By Ted Puntillo | From Page: A8

 
Editorial cartoons May 18, 2013

By Daily Republic | From Page: A8

Cheers, jeers for the week of May 12-18, 2013

By Daily Republic | From Page: A8

 
LNG exports could hurt state’s recovery

By Thomas Elias | From Page: A8

Tavey the right choice

By Letter to the Editor | From Page: A8

 
.

Living

Today in history for May 18, 2013

By The Associated Press | From Page: A2

 
Hello muddah? Not everyone loved sleepaway camp

By The Associated Press | From Page: A2

Community calendar Saturday, May 18, 2013

By John Glidden | From Page: A2

 
Horoscopes for May 18, 2013

By Holiday Mathis | From Page: B5

 
.

Entertainment

TVGrid

By Daily Republic Syndicated Content | From Page: A5

 
‘The Voice’ brings back Aguilera, Cee Lo Green

By The Associated Press | From Page: A7

Sugarland’s Nettles signs up Rubin, goes solo

By The Associated Press | From Page: A7

 
Travis sues to block DWI patrol car video release

By The Associated Press | From Page: A7

Jordan finally front and center in ‘Fruitvale’

By The Associated Press | From Page: A7

 
.

Sports

Mayor: Deal to sell Kings has been signed

By The Associated Press | From Page: B1

 
Captivating season gives Warriors hope for future

By The Associated Press | From Page: B1 | Gallery

Rodriguez’s Houston, Reed capture SJS Division I 400 crowns

By Brian Arnold | From Page: B1 | Gallery

 
Sharks look to bounce back from tough Game 2 loss

By The Associated Press | From Page: B1

 
Rockies end 10-game skid vs Giants with 10-9 win

By The Associated Press | From Page: B2 | Gallery

Adam Rosales’ go-ahead homer lifts A’s past Royals

By The Associated Press | From Page: B2

 
Tejay van Garderen wins 6th stage, extends lead

By The Associated Press | From Page: B2

Orb favored to take Preakness, set up Triple Crown try

By The Associated Press | From Page: B2 | Gallery

 
Local sports for Saturday, May 18, 2013

By Daily Republic staff | From Page: B3

Sports on TV for Saturday, May 18, 2013

By Daily Republic staff | From Page: B3

 
.

Business

Record Powerball jackpot inspires office pools

By The Associated Press | From Page: A1

 
Reinvented garages house hobbies and work

By Scripps Howard News Service | From Page: C2

Real estate transactions for May 18, 2013

By Daily Republic | From Page: C3

 
A year after IPO, Facebook aims to be ad colossus

By The Associated Press | From Page: B6 | Gallery

GM stock rises above $33 for first time in 2 years

By The Associated Press | From Page: B6

 
Hits and misses in Facebook’s history

By The Associated Press | From Page: B6

.

Obituaries

Walter D. Cowan

By John Glidden | From Page: A4

 
.

Comics

Peanuts

By Daily Republic Syndicated Content | From Page: B4

 
Pickles

By Daily Republic Syndicated Content | From Page: B4

Beetle Bailey

By Daily Republic Syndicated Content | From Page: B4

 
Rose is Rose

By Daily Republic Syndicated Content | From Page: B4

Wizard of Id

By Daily Republic Syndicated Content | From Page: B4

 
Baldo

By Daily Republic Syndicated Content | From Page: B4

B.C.

By Daily Republic Syndicated Content | From Page: B4

 
Fort Knox

By Daily Republic Syndicated Content | From Page: B4

For Better or Worse

By Daily Republic Syndicated Content | From Page: B4

 
Dilbert

By Daily Republic Syndicated Content | From Page: B4

Get Fuzzy

By Daily Republic Syndicated Content | From Page: B4

 
Zits

By Daily Republic Syndicated Content | From Page: B4

Frank and Ernest

By Daily Republic Syndicated Content | From Page: B4

 
Garfield

By Daily Republic Syndicated Content | From Page: B4

Blondie

By Daily Republic Syndicated Content | From Page: B4

 
Sally Forth

By Daily Republic Syndicated Content | From Page: B4

Word Sleuth

By Daily Republic Syndicated Content | From Page: B5

 
Cryptoquote

By Daily Republic Syndicated Content | From Page: B5

Crossword

By Daily Republic Syndicated Content | From Page: B5

 
Sudoku

By Daily Republic Syndicated Content | From Page: B5

Bridge

By Daily Republic Syndicated Content | From Page: B5