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Report: Maloofs Agree to Sell to Sacramento Group

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In Search of Die-Hard Kings FansSACRAMENTO-

The Maloof family has reached an agreement to sell the Sacramento Kings to Vivek Ranadive and his ownership group, according to a report from the Sacramento Bee’s Tony Bizjak.

NBA Commissioner David Stern said Wednesday, after the NBA voted against the relocation of the team to Seattle, that he hoped to have a deal done by the end of the week.

George Maloof and Ranadive both confirmed Wednesday that their lawyers had been talking and Mayor Kevin Johnson said a deal was close Thursday morning, when he returned to Sacramento.

The deal would be officially announced Friday, a source told Bizjak.

A representative of the Maloof family told FOX40 Thursday night was hesitant to confirm anything, saying they would announce something if a deal was completed.

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