Kings investor group revealed
SACRAMENTO, Calif. (AP) — The wealthy investors that are partnering on a plan to keep the Sacramento Kings from moving to Seattle have finally been revealed, and they’re the two almost everybody expected — with a twist.
Mark Mastrov, founder of 24 Hour Fitness, will submit a bid to buy the team to the NBA on Friday, Sacramento Mayor Kevin Johnson said in his State of the City address. While Ron Burkle, the billionaire co-owner of the NHL’s Pittsburgh Penguins, will instead only lead the effort to build a new downtown arena that he hopes will also lure back a WNBA franchise.
The Associated Press and other news outlets have reported since Jan. 22 that Mastrov and Burkle were working on a plan to keep the Kings from relocating to Seattle.
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