People with knowledge of the situation said Wednesday that investor Chris Hansen, a San Francisco hedge fund manager, has contacted the Maloof family about buying the Sacramento Kings.
The people spoke on condition of anonymity because no deal has been reached.
One person says the Kings could sell for more than $500 million. The Kings’ future in Sacramento has been uncertain because the Maloofs and the city haven’t been able to come up with a long-term arena solution. Read More