The Maloof family is finalizing an agreement to sell the Sacramento Kings to a group that hopes to move the franchise to Seattle for the 2013-14 season, league sources told Yahoo! Sports.
The deal will sell the Kings for approximately $500 million to a group led by hedge-fund manager Chris Hansen and Microsoft chairman Steve Ballmer... The Seattle group's plans, with support of the NBA, is to play two seasons in KeyArena before moving into a new Seattle arena, sources said.
But within an hour, the local longshoremen issued a statement saying they intend to keep up a lawsuit to stop the construction of a Sonics arena in the Sodo neighborhood. Here's what ILWU local 19 e-mailed reporters:
The prospect of an NBA team returning to Seattle is great news, but ILWU local 19 feels that siting an arena in SoDo will adversely impact industrial and waterfront jobs. All alternate locations must be considered.
A team purchase has no effect on our pending legal case challenging the arena’s premature siting in SODO. The issue in the case is whether the city and county complied with public facility environmental laws. The court will likely only care about whether the City and the County violated the State Environmental Policy Act, not whether Mr. Hansen has taken yet another step to site his arena in SODO with public money.