Category Archive: NBA TEAM SALES

Jan 22 2013

Heading To Seattle? Maloofs Have Deal To Sell Kings

There was joy in Seattle on Monday, as fans of the Association may have seen their wish of having their own NBA franchise back in the city, by the beginning of next season, get tantalizingly close. Although, that move would bring great joy to fans who lost the Supersonics to Oklahoma City, as the team relocated and …

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Jun 13 2012

How About Moving The Sacramento Kings To Seattle?

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Just about a year ago, it seemed as if the Sacramento Kings were on their way to Anaheim, the city that they expected to be playing in at the start of the 2011-2012 NBA campaign. An eleventh-hour decision stopped the exodus from taking place, as the Team Owners, Joe and Gavin Maloof negotiated a deal …

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Jun 11 2012

Grizzlies Owner Michael Heisley In Discussions With Potential Buyer For Team

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The Memphis Grizzlies could begin next season under new ownership, as the “Memphis Commercial Appeal” reported Monday afternoon that Team Owner Michael Heisley is currently negotiating to sell the team to the founder and owner of a communications network. According to the report, Heisley is trying to complete a deal with 34-year-old Robert Pera, owner of …

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Apr 14 2012

The New Orleans Royals Should Become The New Nick-Name For The Hornets

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When Tom Benson became the new owner of the New Orleans Hornets on Friday, the 83-year-old owner of the NFL franchise the Saints told reporters that he would like his team to have a new nick-name that is more relevant to the Crescent City, than the name the club is currently sporting. The squad got its …

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Apr 13 2012

Saints Owner Tom Benson Buys Hornets To Keep Team In New Orleans

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Tom Benson brought an NFL Championship to New Orleans in 2010, as the team he owns the New Orleans Saints won their first Super Bowl in franchise history. His next mission will be trying to capture an NBA Title for the city as the “New Orleans Times Picayune” reported on Friday that the 83-year-old Benson has …

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Apr 02 2012

Michael Jordan Says He Has No Plans To Sell The Bobcats

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The “Charlotte Observer” reported on Sunday that Charlotte Bobcats Team Owner and NBA legend Michael Jordan categorically denied a report from the “New York Daily News” that he has contemplated selling the franchise within the next three to four years unless there is improvement on the court as well as at the box office. The …

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Nov 04 2011

Sale Of Atlanta Hawks To Pizza Chain Owner Terminated

The sale of the Atlanta Hawks to a Southern California pizza chain owner that was agreed to back in August, has been terminated according to a report from the “Atlanta Journal-Constitution” and for the time being the present owners of the franchise have taken the team off of the market. The deal to sell the team …

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Aug 08 2011

Hawks New Owner: "I Want To Bring A Championship To The City Of Atlanta"

Alex Meruelo’s parents emigrated to the USA from Cuba in 1961, and 50 years after their move to the States, their son who was born in this country a couple of years later is now poised to become the first Hispanic majority owner of an NBA franchise. The 48-year-old businessman opened his first pizza shop at …

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Aug 07 2011

Pizza Chain Owner To Buy Hawks and Arena According To Reports

The “Atlanta Journal-Constitution” has reported that according to sources close to the team, the Atlanta Hawks and their home Phillips Arena are on the verge of being sold to a Southern California pizza chain owner. The report states that the current owners of the club led by Bruce Levenson and Michael Gearon Jr. will sell …

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