Stern: Kings sale still few weeks away
April 17, 2013
By The Associated Press
NEW YORK (AP) - NBA Commissioner David Stern said Wednesday that a decision on the future home of the Kings franchise is still at least two weeks away.
Stern told reporters after a meeting of owners considering the team's sale that it could be early next month before it's known if the team is staying in Sacramento or heading to Seattle.
``I would be charitable to say the first week in May, but it could slide a bit,'' Stern said. ``That's where we are.''
Stern said the committee will brief the full board of governors during their two-day meetings Thursday and Friday, but that there will be no vote. He said the committee, comprised of 12 owners, has a number of questions regarding real estate and legal matters.
He added that it's likely they will meet again next week, either in person or via teleconference.
A Seattle group led by hedge-fund manager Chris Hansen has a deal to purchase 65 percent of the franchise from the Maloof family, and Sacramento has put together a group to make a backup offer. NBA officials have refused to say if the second bid matches Seattle's.
Stern reiterated that expansion has not been discussed.
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