- Important 1
- Updates 8
- Articles 2
- All Updates 10
Do you want major updates to this story in your Facebook News Feed?
Like us to subscribe
- 10 months ago
- Update
- 0 comments
Kings Not Involved In Virginia Beach Arena, According To Report
Despite all the hard work by Comcast Spectacor to get a new arena built in Virginia Beach, the Sacramento Kings have made no signs of wanting to move there, according to a report from CSN Bay Area.
No member of the Maloof family was present at a Tuesday meeting in Virginia Beach, while Comcast president Peter Luuko has not even spoken to the team. Furthermore, the Kings have not filed for any Virginia-based trademark applications with the terms 'Kings' or 'Royals,' and have no new trademark applications with the United States Patent and Trademark Office.
To speculate, even if the Kings were to begin talks with the Virginia Beach area, they might not even have a stadium to move to:
Even if Comcast-Spectacor did initiate talks with the Maloofs, Virginia Beach is still far from breaking ground on a new arena. Two city councilmen said they would oppose using public funds to build the stadium and questioned the city's proposal.
Councilman Bill DeSteph noted the "misleading" geographic parameters the city used. Under their framework, which allowed them to calculate that Virginia Beach's market included three million people, Sacramento could claim to be a market of 10 million people.
The Kings might not be staying in Sacramento long-term, but it doesn't sound like Virginia Beach is in their future at the moment either.
For more on the Sacramento Kings, make sure to check out Sactown Royalty.
- 10 months ago
- Update
- 0 comments
Comcast Specatcor Guarantees 25-Year Lease On Proposed Virginia Beach Stadium
In a meeting with Virginia Beach officials on Tuesday Comcast Spectacor noted their hopes to obtain another professional sports team, while guaranteeing 25 years of lease payments if a new arena were built in Virginia Beach, according to report.
That sports team very well could be the Sacramento Kings, though they were not directly mentioned by name by Comcast Spectacor president Peter Luukko, but he left little doubt in the minds of the Virginia Beach City Council that the Kings are at least one of the teams they are looking into.
"We know where there's opportunity potentially," Luukko said.
Comcast Spectacor already proposed a roughly $350 million, 18,500 seat arena to be placed next to the Virginia Beach Convention Center. They already own the Philadelphia Flyers and the arena in which they share with the 76ers.
The presentation did not discuss how the arena would be financed.
For more on the Sacramento Kings, make sure to check out Sactown Royalty.
- 10 months ago
- Update
- 0 comments
Sacramento Kings Release Statement On Virginia Beach Relocation Rumors
The Sacramento Kings have released an official statement on the rumors of their reported move to Virginia Beach. A report was published on Thursday morning indicating that the Maloof family was seriously considering the move, although all parties involved have denied the news ever since.
Here is the official release:
"The Kings organization over the last several years has been approached by numerous parties and cities interested in buying and relocating the franchise. The franchise is not going to discuss which cities have approached the organization and are not going to comment on every rumor. The sole focus of everyone within the Sacramento Kings organization continues to be to put a winning team on the court as we look forward to what promises to be an exciting 2012-13 NBA season."
For more on this developing story, make sure that you stick with our StoryStream for all the latest updates. For discussion and analysis of the Sacramento Kings, make sure that you check out Sactown Royalty.
- 10 months ago
- Update
- 0 comments
NBA Denies Sacramento Kings To Virginia Beach Rumors
As reports came out on Thursday that the Sacramento Kings were looking to relocate across the country to Virginia Beach, the NBA has released a statement denying any claim that the team is looking to move anywhere as of now.
Per USA Today sports reporter Jeff Zillgitt on Twitter:
NBA spokesman Mike Bass on Kings: "We have no information from the Kings on this matter and there has been no application for relocation."
— Jeff Zillgitt (@JeffZillgitt) August 23, 2012
The Sacramento Kings themselves have also denied the claim, just as part-owner Joe Maloof has as well. The Maloofs and the city of Sacramento could not come to terms on a proposed $391 million entertainment complex in the downtown Sacramento area three months ago. The Maloofs have not made public what cities they are possibly looking into yet.
For more on this developing story, make sure that you stick with our StoryStream for all the latest updates. For discussion and analysis of the Sacramento Kings, make sure that you check out Sactown Royalty.
- 10 months ago
- Update
- 0 comments
Sacramento Kings, Joe Maloof Deny Virginia Beach Rumors
After it was reported that the Sacramento Kings were possibly relocating to Virginia Beach earlier on Thursday, a team spokeman as well as co-owner Joe Maloof have denied the news that the team is moving to the East coast.
"We haven't talked to Virginia beach," said Maloof.
Eric Rose, a Sacramento Kings spokesman, echoed the same sentiments as well:
"The Kings have been approached by numerous cities interested buying the team and relocating it. We are not going to discuss which cities have approached the team and are not going to comment on every rumor. I can tell you that the Kings are 100 percent focused on putting a winning team on the court," said Rose.
Virginia Beach mayor Will Sessoms noted that Comcast and media company LiveNation asked the city to create a partnership to build the new arena. Sessoms said he was unaware of the original story from the Hampton Roads Business Journal's article, and would not comment on it.
Comcast spokesman Ike Richman said they will have no comment until their meeting with city officials on Tuesday in Virginia Beach.
For more on this developing story, stick with our StoryStream. For more on the Kings, head to Sactown Royalty.
