24-Hour Fitness Founder Mark Mastrov Makes Bid to Keep Kings in Sacramento

24-Hour Fitness Founder Mark Mastrov Makes Bid to Keep Kings in Sacramento2There were rumors leading up to Johnson’s speech that Mastrov and Burkle were ready to invest in the Kings, but now that the news is official, the proposal to keep the team in Sacramento will pick up steam. With plans for a new arena and the money to build it, the city has a strong chance to hold on to its franchise.24-Hour Fitness Founder Mark Mastrov Makes Bid to Keep Kings in Sacramento

There will surely be more bargaining before an agreement is settled upon, as lines have now been drawn in the battle over who will be the Kings’ next owner.
2Burkle is a multi-billionaire and Southern California native who founded Yucaipa Companies, a private equity firm. He is also a co-owner of the Pittsburgh Penguins.24-Hour Fitness Founder Mark Mastrov Makes Bid to Keep Kings in Sacramento

Currently, the Maloof family has an agreement to sell the franchise to a “group led by hedge fund manager Chris Hansen, Microsoft CEO Steve Ballmer and the Nordstrom family,” according to USA Today’s Sam Amick.24-Hour Fitness Founder Mark Mastrov Makes Bid to Keep Kings in Sacramento

If this sale were to go through, the franchise would be moved to Seattle.

However, The Sacramento Observer’s Antonio Harvey reports that NBA commissioner David Stern gave Sacramento Mayor Kevin Johnson—a former NBA All-Star with the Phoenix Suns—the opportunity to put together a proposal to keep the team in the town he governs.

Harvey also notes that the Sacramento City Council voted to continue the bidding process earlier this week.24-Hour Fitness Founder Mark Mastrov Makes Bid to Keep Kings in Sacramento

4-Hour Fitness Founder Mark Mastrov Makes Bid to Keep Kings in Sacramento4-Hour Fitness Founder Mark Mastrov Makes Bid to Keep Kings in Sacramento24-Hour Fitness Founder Mark Mastrov Makes Bid to Keep Kings in Sacramento24-Hour Fitness Founder Mark Mastrov Makes Bid to Keep Kings in Sacramento