Keeping the Kings: NBA blocks Seattle’s bid to purchase team

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The Kings are staying in Sacramento. The NBA Board of Governors voted 22-8 Wednesday in Dallas to keep the Kings in Sacramento and prevent an investment group led by Microsoft CEO Steve Ballmer and hedge fund manager Chris Hansen from bringing the team to Seattle. “This was not an anti-Seattle vote,” NBA commissioner David Stern said…. Read More…

Sonics fate may be decided today in Dallas, but where’s Steve Ballmer?

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We’re just minutes away from finding out if NBA will return to Seattle this fall, as NBA owners are voting to possibly determine the fate of the Sacramento Kings. But some of the chatter this morning centered on the whereabouts of Microsoft CEO Steve Ballmer, who is part of the Seattle investment team trying to… Read More…

Bidding war: Hansen, Ballmer increase bid for NBA team to $625M

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The effort to bring the NBA back to Seattle isn’t over quite yet. Hoping to convince NBA owners that Seattle is ready for a professional basketball franchise, the Seattle investment group led by Chris Hansen and Microsoft CEO Steve Ballmer increased its bid for the team by $75 million to a grand total of $625… Read More…

Commish calls Ballmer investment team ‘perfect prototype’ for NBA owners

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Here’s what NBA commissioner David Stern thinks of the Chris Hansen/Steve Ballmer investment team: perfection. Appearing on PBS’ Charlie Rose Show Tuesday, Stern and Deputy Commissioner Adam Silver spoke briefly about how the NBA relocation committee unanimously voted Monday afternoon to block Seattle’s bid to buy the Sacramento Kings and bring the NBA back to the Emerald City. An… Read More…

How social media reacted to Sonics news that left Ballmer ‘horribly disappointed’

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By now, you’ve probably heard how the NBA relocation committee unanimously voted Monday afternoon to block Seattle’s bid to buy the Sacramento Kings and bring the NBA back to the Emerald City. An investment group led by Microsoft CEO Steve Ballmer and hedge fund manager Chris Hansen had already reached an agreement with the Maloof family (current… Read More…

NBA committee rejects bid to bring NBA to Seattle, Ballmer ‘horribly disappointed’

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The effort to bring NBA hoops back to Seattle took a serious blow today, as the NBA relocation committee made up of 12 owners unanimously voted to block Seattle’s bid to buy the Kings and bring them to Emerald City. League owners will make an official vote May 13, but that’s expected to be a… Read More…

Ballmer on bringing the Sonics to Seattle: ‘There will never be a better opportunity’

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Albeit very little and not exactly groundbreaking, Steve Ballmer finally made some public comments about Seattle’s bid to bring the NBA back to Seattle. Microsoft’s CEO is leading an investment group that is trying to buy the Sacramento Kings and move them to the Emerald City. Ballmer and Chris Hansen reached an agreement with the Maloof… Read More…

Paul Allen says Steve Ballmer would be a ‘great NBA owner’

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Paul Allen thinks his good buddy and former colleague Steve Ballmer would be a “great” NBA owner, but isn’t exactly gung-ho about bringing the NBA back to Seattle. Ballmer is leading an investment group that is trying to buy the Sacramento Kings and bring them to the Emerald City. The Microsoft CEO and Chris Hansen reached… Read More…

Sonics update: Bidding war? Seattle group increases bid by $25M

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The Seattle investment group led by Chris Hansen and Microsoft CEO Steve Ballmer is raising its bid to bring the NBA back to the Emerald City. Late Friday, Hansen wrote that his group is increasing its purchase offer to buy the Sacramento Kings from the Maloof family by $25 million from $525 million to $550… Read More…

Sonics update: Former Facebook exec joins Sacramento investor group

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Another California tech titan is joining the group trying to keep an NBA team in Sacramento and away from Seattle. Chris Kelly, who was Facebook’s Chief Privacy Officer from 2005-2010, is joining the partnership hoping to buy the Sacramento Kings and block Seattle’s bid to bring the Supersonics back to the Emerald City. The Sacramento… Read More…