Looks like we’ve got a real barn-burner on our hands!
For months, hedge funder Chris Hansen and Microsoft CEO Steve Ballmer have worked to relocate the Sacramento Kings to Seattle, which has been NBA-less for five years. Their plan: to make the owners, the Maloofs, an offer they can’t refuse. But the mayor of Sacramento–who happens to be former NBA star Kevin Johnson–doesn’t want the team going anywhere. He’s rounded up rival techies who might buy from the Maloofs and prepared a big bushel of subsidies for them. Last month, the league rejected the Seattle group’s request to move the team.