Sacramento Kings Moving to Virginia Beach - DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate

**Eugen80** · 08-23-2012, 07:32 PM

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 Business.
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/2...ng-to-Virginia

**nicktender** · 08-23-2012, 08:56 PM

Virginia Beach doesn't sound like a basketball area. Maybe I just don't know much about it.

**gundos** · 08-23-2012, 09:35 PM

will they change the name to the Squires? The Virginia Squires of the old ABA...

**standaman** · 08-23-2012, 11:28 PM

Virginia Beach doesn't sound like a basketball area. Maybe I just don't know much about it.

the bad newz boys can certainly get behind some basketball. believe they tried to get an mlb team a few years ago. either way maloof already denied it

08-23-2012, 07:32 PM	#1
Eugen80 Join Date Oct 2005 Posts 385 Senior Member	Sacramento Kings Moving to Virginia Beach 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 Business. 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/2...ng-to-Virginia Share Share this post on Digg Del.icio.us Technorati Twitter
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08-23-2012, 08:56 PM	#2
nicktender Join Date Oct 2005 Posts 403 Senior Member	Virginia Beach doesn't sound like a basketball area. Maybe I just don't know much about it. Share Share this post on Digg Del.icio.us Technorati Twitter
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08-23-2012, 09:35 PM	#3
gundos Join Date Oct 2005 Posts 422 Senior Member	will they change the name to the Squires? The Virginia Squires of the old ABA... Share Share this post on Digg Del.icio.us Technorati Twitter
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08-23-2012, 11:28 PM	#4
standaman Join Date Oct 2005 Posts 870 Senior Member	Virginia Beach doesn't sound like a basketball area. Maybe I just don't know much about it. the bad newz boys can certainly get behind some basketball. believe they tried to get an mlb team a few years ago. either way maloof already denied it Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

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