Kevin Johnson Mug.JPG
Kevin Johnson
Sacramento Mayor Kevin Johnson - a former NBA player - has vowed to do everything in his power to keep the Kings in

"/>

Sacramento Mayor Kevin Johnson Expected To Unveil Faces of New Ownership Group Hoping to Keep Kings in Town

Kevin Johnson Mug.JPG
Kevin Johnson
Sacramento Mayor Kevin Johnson - a former NBA player - has vowed to do everything in his power to keep the Kings in town.

And as part of that vow, this afternoon during a press conference scheduled for 2 p.m. Johnson is expected to unveil "the names of more than 10 local business leaders seeking to be part of a new ownership group for the Kings," according to Ryan Lillis of the Sacramento Bee.

While, according to the Bee, Johnson is not expected to reveal the name of the "the ultra-wealthy investor he hopes will anchor his counter-offer to Seattle's Chris Hansen to buy the Kings," today's presser likely marks the first step in what will become an ugly fight between two cities for the NBA franchise.

According to the Bee:

Johnson will reveal the names of more than 10 local business leaders seeking to be part of a new ownership group for the Kings. Those local owners would partner with a deep-pocketed investor when Johnson presents the team to the NBA as a counter-offer to the Seattle group that has agreed to buy the Kings.

Among the group of local investors seeking to buy a part of the team are developers David Taylor and Phil Oates.

Will this 11th hour bluster amount to anything more than 11th hour bluster? Basketball fans in Sacramento are no doubt hoping so, though fans in Seattle can point to the futile 2008 offer made by Microsoft's Steve Ballmer and Costco CEO Jim Sinegal (among others) as evidence that it can take more than some wealthy locals to turn the tide once a franchise is loading the moving trucks

*See Also: Seattle Celebrates Return of the Sonics; Attorney Cleveland Stockmeyer Says Hansen's Guarantee Is Like Swiss Cheese

Follow The Daily Weekly on Facebook & Twitter.

 
comments powered by Disqus