Sacramento Kings Owners Keeping Quiet On Latest Sale Rumors

SACRAMENTO (CBS) — A tweet send by sports reporter Matt Steinmetz revived rumors Friday about the Sacramento Kings being sold and moved to Seattle.

Steinmetz tweeted at 9:29 a.m., “I’ve heard from reliable source that the Kings’ sale to Hansen-Ballmer in Seattle is done deal. Source said price (continued on separate website) of the Sale is $525 million. The source said further that the Maloofs will have no stake or decision-making with Seattle team and are out.”

(Copyright 2012 by CBS San Francisco. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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