No longer a rumor? Sacramento Kings headed to Seattle?

Following a flurry of rumors that began Tuesday night, Yahoo Sports reported Wednesday that the Sacramento Kings NBA basketball team is being sold to a group led by hedge-fund manager Chris Hansen and Microsoft chairman Steve Ballmer that hopes to move the franchise to Seattle's KeyArena for the 2013-14 season.

According to Yahoo, the Maloof family, owner of the Kings, will receive approximately $500 million for the ailing team, which will move into a new Seattle arena after playing two seasons…

Read more: http://feeds.bizjournals.com/~r/bizj_baltimore/~3/4xNOzTi9dE0/no-longer-a-rumor-...
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