The Seattle Times. Winner of Eight Pulitzer Prizes.

Fri, Jan 30, 2015




Updated Saturday, January 26, 2013 at 05:12 PM

Billionaire Ron Burkle reportedly met with NBA commissioner David Stern on Thursday

By Bob Condotta
Seattle Times staff reporter

Several media reports lent credence to reports that billionaire Ron Burkle is among those who might be interested in buying the NBA's Kings in an attempt to keep the team in Sacramento.

USA Today and The Sacramento Bee each reported Friday that Burkle — a supermarket mogul who also owns the NHL's Pittsburgh Penguins — met with NBA commissioner David Stern on Thursday in New York City for approximately two hours.

There had been several reports earlier in the week that Burkle might be interested in teaming with Mark Mastrov, the founder of 24 Hour Fitness, to make a counteroffer to the agreement reached earlier this week between the team's current owners, the Maloof family, and a Seattle group led by Chris Hansen and Microsoft CEO Steve Ballmer.

The Seattle group is reported to have paid roughly $341 million to purchase 65 percent of the team The deal still must be approved by the NBA Board of Governors, as well as a request to relocate the team to Seattle.


Top News arrow

Latest News arrow

Local arrow

Nation & World arrow

Business & Technology arrow

Editorial & Opinion arrow

Sports arrow

Entertainment arrow

Living arrow

Travel & Outdoors arrow

Obituaries arrow


Jobs arrow

Autos arrow

Homes & Rentals arrow

More Classifieds arrow