National Basketball Association Commissioner David Stern and a group of suitors assembled by Sacramento Mayor Kevin Johnson will try to persuade the Maloof family to complete a sale of the Kings within the next few days.
A Seattle-based group led by Valiant Capital founder Chris Hansen raised its bid for the Sacramento Kings by $75 million to $625 million, five days before National Basketball Association team owners vote on whether to approve relocation.
Peter Guber, chief executive officer of Mandalay Entertainment Group and co-owner of basketball’s Golden State Warriors, joined Magic Johnson’s contingent trying to buy Major League Baseball’s Los Angeles Dodgers, a person with knowledge of the situation said.
Joe Lacob and Peter Guber bought the Golden State Warriors for $450 million, spending a record amount for a team that had the second-worst record in the National Basketball Association during the current owner’s tenure.
Seaport Capital LLC, which includes a majority stake in Mandalay Baseball Properties, is selling its share of the holding company that owns five minor-league baseball teams, including half of the New York Yankees’ Triple-A affiliate.
Peter Guber, chief executive officer of Mandalay Pictures LLC, and Joe Lacob, a partner at Kleiner Perkins Caufield & Byers, won a bid for the National Basketball Association’s Golden State Warriors, CNBC reported.
Basketball Hall of Fame member Magic Johnson and a group of investors that includes Guggenheim Partners Chief Executive Officer Mark Walter won the auction for the bankrupt Los Angeles Dodgers with a bid of more than $2 billion, doubling the previous record amount paid for a major U.S. professional sports franchise.