NEW YORK - JUNE 05: Brothers Joe Maloof (L) and George Maloof pose for a portrait in the media lounge before the Maloof Money Cup on June 5, 2010 at Flushing Meadows Corona Park in the Flushing neighborhood of the Queens borough of New York City. (Photo by Jared Wickerham/Getty Images)
The Sacramento Kings are allegedly in talks to move to Virginina Beach, VA, according to report.
According to a report from the Hampton Roads Business Journal the Sacramento Kings are in talks about a possible relocation to Virginia Beach, VA.
Meetings were scheduled in Virginia Beach on Tuesday to discuss moving the team to Virgina, with media giant Comcast helping to build and lease out the new sports arena. The report states that Comcast will guarantee a 25-year lease on a new arena, supposedly for naming and broadcasting rights.
City officials and the Maloof family are expected to have an announcement on Wednesday, Aug. 29, about the Kings possible move to Virginia Beach. The proposed location for the new arena will be across from the Virginia Beach Convention Center.
The Maloof family and the city of Sacramento could not agree on a proposed $391 million entertainment complex, leaving the family to look elsewhere for a home for the Kings ever since.
There have been some conflicting reports though as Kings part-owner Joe Maloof told CBS Sacramento "We haven't talked to Virginia beach," while Sactown Royalty's Akis Yerocostas went on to list out the reasons why this is likely a false report.
We'll have more on this story as it unfolds.
For more on the Kings, check out Sactown Royalty.