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Maloofs set Friday deadline for Sacramento Kings investor offer

by Take Two®

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Fans of the Sacramento Kings hold up signs against the Los Angeles Lakers on April 13, 2011 at Power Balence Pavilion in Sacramento, California. Jed Jacobsohn/Getty Images

Now for the latest installment in the ownership battle that surrounds the NBA's Sacramento Kings. The Maloofs, owners of the Kings, have been trying to sell the team since last year. One of the most interested buyers would move the team to Seattle. 

But fans in Sacramento hoped the Maloofs would sell the team to a group that would keep it in Sacramento. The Maloofs have set a deadline of 5 p.m. today for all Sacramento investors to submit a written, binding "back-up" offer to buy the team. 

The NBA is expected to address the situation at their annual ownership meetings later this month.

For more on the ownership situation of the Kings, Dale Kasler from the Sacramento Bee joins us. 

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