By Associated Press Reporter PUBLISHED: 20:19 EST, 21 January 2013 | UPDATED: 20:19 EST, 21 January 2013 Nearly five years after their colors, banners and history were packed away into storage and their franchise relocated, the SuperSonics are one significant step closer to returning to Seattle. And the Kings are on the edge of leaving Sacramento. All that appears to stand in the way now is approval by NBA owners. The Maloof family has agreed to sell the Kings to a Seattle group led by investor Chris Hansen, the league confirmed in a statement Monday morning. New owners: Chris Hansen's group will buy 65 per cent of the franchise, which is valued at a total price of $525 million, and move the team to Seattle and restore the SuperSonics name, said a person familiar with the decision
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The Maloof family has agreed to sell the Sacramento Kings to a Seattle group led by investor Chris Hansen, the league confirmed Monday morning
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The deal is still pending a vote by the NBA Board of Governors
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Hansen's group will buy 65 per cent of the franchise, which is valued at $525 million, move the team to Seattle and restore the SuperSonics name, a person familiar with the decision said
Johnson said recently he's heard from various parties interested in trying to put together an ownership group that would keep the team in @placeholder, but only with a new arena.