Billionaire Chris Hansen must pay $50,000 for his role in a secretive effort to funnel money to a group trying to thwart Sacramento's efforts to build a new downtown arena, the California Fair Political Practices Commission said Monday.
Tentative plans for a new professional basketball and hockey arena in Seattle do not violate state environmental law, a Washington appeals court said Monday in rejecting a challenge brought by longshore workers.
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.
Ownership representatives met for nearly four hours Wednesday and ultimately voted to reject the Kings' proposed move to Seattle, backing last month's unanimous recommendation from a relocation committee to keep the team in Sacramento.
After a committee of owners voted to recommend the Kings stay in California, the investors trying to bring the team to Seattle fired a last salvo. Chris Hansen announced he was increasing his offer for 65 percent of the Kings to $406 million.
The battle for the future of the Kings has evolved into a struggle between the team's current ownership and David Stern. The Maloof family is attempting to force a deal that would move the Kings to Seattle.