Weeks after his aggressive bid to buy and relocate the Sacramento Kings to Seattle failed, hedge fund manager Chris Hansen bankrolled an effort to undercut a deal the team's new owners made to build an arena in Sacramento.
The NBA Board of Governors unanimously approved the sale of the Sacramento Kings on Tuesday to a group led by TIBCO Software chairman Vivek Ranadive.
Sacramento mayor Kevin Johnson says two investors want to buy the NBA's Kings and build a downtown arena to stop the proposed move of city's only major league sports team to Seattle.
Sacramento Mayor Kevin Johnson had a stern warning for Seattle SuperSonics fans who are excited about the prospect of the NBA returning to the Puget Sound next season.
People with knowledge of the situation said Wednesday that investor Chris Hansen has contacted the Maloof family about buying the Sacramento Kings.
Chris Hansen walked on stage and was greeted with the kind of reception normally reserved for the musicians and athletes who were waiting backstage.