Report: Sacramento Kings moving to Virginia Beach

[oldschooler]

SACRAMENTO - The owners of the Sacramento Kings plan to move the team to Virginia Beach, according to a newspaper based in nearby Norfolk.

The Kings would be tenants in a new arena to be built near the Virginia Beach Convention Center and operated by Global Spectrum, according to Inside [url="http://www.news10.net/news/article/206251/3/Report--Sacramento-Kings-moving-to-Virginia#"][size=1]Business[/size][/url].
The paper says lease payments would be guaranteed for 25 years by Comcast, which owns Global Spectrum.

Comcast would reportedly get broadcast rights and its name on the new arena.

Inside Business quotes sources as saying the Maloof family will join Comcast officials in announcing the planned move next Wednesday, one day after meeting in a closed session with the Virginia Beach city council.

A deal between the Maloofs and the city of Sacramento to build a $391 million sports and entertainment complex in the Downtown Railyards collapsed three months ago when George Maloof announced the family didn't want to assume the additional debt burden.


http://www.news10.net/news/article/206251/3/Report--Sacramento-Kings-moving-to-Virginia

[sois]

WTF, why not Vegas?

[BigDawgBengal]

[quote name='sois' timestamp='1345754044' post='1150091']
WTF, why not Vegas?
[/quote]

NBA players and Vegas don't mix very well.

[sois]

Yeah they do, summer league is here.

[BigDawgBengal]

[quote name='sois' timestamp='1345762401' post='1150156']
Yeah they do, summer league is here.
[/quote]

Thats just the low level guys and new draft picks. When the big money guys show to town it would not work. All star game there was a disaster.