Sacramento Kings failed relocation attempts

It is widely believed that the team's owners throughout this period (the Maloof family) lost much of their fortune and were no longer able to run a National Basketball Association (NBA) franchise.

On February 19, 2011, NBA commissioner David Stern admitted that the Kings and officials in Anaheim, California had discussions about relocation.

[1] The Maloofs prepared to make their case for relocation at the NBA Board of Governors meeting in New York, in what many expected to simply be a formality.

On February 27, 2012, the Kings' owners, the city, and the NBA came to a tentative deal on the construction of a $387 million facility in the rail yards in downtown Sacramento.

[3] Although there had not been as much progress in these negotiations as there has been with Anaheim, another market trying to lure the Kings to move there was the Hampton Roads metropolitan area of Virginia.

[7] The Maloof family said in a statement that they had agreed to sell the team to a Seattle group led by investor Chris Hansen, but the deal was pending approval by the NBA Board of Governors.

The arena would be funded by Ron Burkle, while 24 Hour Fitness founder Mark Mastrov would provide backing for franchise bid.

Additionally, Sacramento's investors needed to provide a different bid by April 3, so the NBA Board of Governors could make a final decision.

[10] On March 21, it was announced that Vivek Ranadivé had joined Ron Burkle and Mark Mastrov to be the 3rd major investor in the attempt to purchase the Kings.

Otherwise, Sacramento's potential ownership group would not receive any consideration to purchase the team, even if the NBA Board of Governors were to reject the Seattle bid.