New Lead Investor Joins Efforts to Keep Kings in Sacramento
Sacramento's drive to keep the Kings took a dramatic detour Thursday as a new lead investor emerged for the team and the city missed its self-imposed deadline for wrapping up a deal for a new arena.
The dual developments, announced within minutes of each other during a chaotic afternoon, suggested that Sacramento was still laboring to finalize its plan to keep the Kings from moving to Seattle. Although city officials said they're confident they'll get a deal done on a new arena, there isn't a lot of time: The plan must get OK'd first by the City Council, and Sacramento has to pitch its proposal to a group of key NBA owners in less than two weeks.
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