1. Set to leave Sacramento
- In 2011 the kings were determined to move to Anaheim
- kings were then set to move to Seattle as the Supersonics since January of 2013
- the deal was set for 525 million, beating the NBA record
- also had plans for new arena in Seattle
2. King will stay
- Major Kevin Johnson pledged not to lose the team without a fight; called Ranadive
- in 2010 Ranadive joined a team in buying Golden state Warriors; wasn't his first rodeo
- Ranadive saw something in the Kings and Sacramento: they had sold out home games despite the losing streak
- quote Ranadive, " at some point I felt that it would be just a tragedy if this team that the city loved, was moved."
- the kings had been owned by the Maloof family since 1998
3. The vote
- the deal was only finalized once the city council approved it through vote
- when the vote took place the council chambers were packed fullwith 500 people
- - people wore supportive shirts and held signs
- residents of Sacramento snaked around city hall
- during the meeting, those against the deal proposed that sports arenas dont produce any economic benefit
- those supporting the deal said the economic loss if the kings left would be worse than if they stayed
4. The deal
- the deal was set with Seattle until Johnson fought back and made it
too hard for the Maloof Family to allow the Kings to move to Seattle
- NBA approved the sale on May 28, 2013 and on May 31 escrow closed on the sale of the Kings to the Ranadive ownership group
- The sale of the Kings closed for $534 million, which topped the NBA record sale of $450 million
- Deal included a promise for a new 18,500 seat arena
5. YouTube: Sacramento Kings ESC Renderings
3 comments:
I really like your guys presentation, and I am happy that the kings managed to stay here in town. I think that it will be good for the city as a whole that they stay here. I am also excited to see what the new stadium is like when it finally gets built.
I found your groups presentation very interesting. Its actually pretty amazing that they are going to build this new arena for the Kings. I definitely feel that it going to be a benefit for the City of Sacramento providing more jobs and business for the city. The building itself looks like its going to attract many people who are living in Sacramento as well as any people who might be traveling or visiting.
you guys did an awesome presentation, it gave me more in depth insight on why it was important for the kings to stay in Sacramento. Did a great job and included a great deal of statistics about how many jobs it will create!
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